April 10 (Reuters) – Canada’s main stock index opened lower on Wednesday, dragged down by materials and technology stocks after a hot inflation report in the United States pushed back hopes of a June interest rate cut by the Federal Reserve in the run-up to the Bank of Canada’s monetary policy decision.
At 9:31 a.m. ET (13:31 GMT), the Toronto Stock Exchange’s S&P/TSX composite index (.GSPTSE), opens new tab was down 210.17 points, or 0.94%, at 22,151.61.
Reporting by Purvi Agarwal in Bengaluru; Editing by Ravi Prakash Kumar
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