TSX opens muted as rate cut bets offset declines in resources

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(Reuters) – Canada’s main stock index opened on a subdued note on Monday as losses in the resources sector were offset by the optimism around possible interest-rate cuts by the U.S. Federal Reserve as early as September. At 9:34 a.m. ET (13:34 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 10.78 points, or 0.05%, at 22,069.81. (Reporting by Nikhil Sharma in Bengaluru; Editing

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