Canadian stocks remained choppy for the second consecutive session on Tuesday as weaker-than-expected economic data from the U.S. market, mixed signals from the FOMC’s (Federal Open Market Committee) meeting minutes, and concerns about the potential U.S. tariffs on Canada weighed on investors’ sentiments. The S&P/TSX Composite Index ended the session with a minor five-point decline at 25,405.
Although financial and technology stocks continued to inch up, the TSX real estate sector fell sharply after U.S. new home sales in October dropped 17.3% month over month, highlighting weaker demand and rising inventory concerns. In addition, consumer cyclicals and industrial sectors dived after U.S. President-elect Donald Trump threatened to impose 25% tariffs on Canada.
The latest FOMC minutes revealed mixed signals, with policymakers emphasizing the risks of easing policy too quickly while leaving room to accelerate…
