The Globe and Mail reports in its Wednesday edition that major North American indexes ended mixed on Tuesday as gains in Coca-Cola and Apple offset losses in Tesla, while investors parsed Federal Reserve chair Jerome Powell's latest comments. A Reuters dispatch to The Globe says Toronto ended slightly in the red as lower metal prices weighed on the materials sector. The U.S. central bank is in no rush to cut its short-term interest rate again given the economy is "strong over all," with low unemployment and inflation still above the Fed's 2-per-cent target, Mr. Powell said in opening remarks at a Senate banking committee hearing. Investors were also on the lookout for any new tariff comments from U.S. President Donald Trump, a day after he substantially raised levies on imports of steel and aluminum and said there would be announcements over the next two days about reciprocal tariffs on all countries that impose duties on U.S. goods. The S&P/TSX Composite Index ended down 27.03 points at 25,631.83, giving back some of the previous day's gains. The materials group, which includes fertilizer companies and metal mining shares, declined 1.8 per cent as copper prices fell and gold pulled back from a record high.
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