The Globe and Mail reports in its Wednesday edition that Canada's main stock index fell on Tuesday as domestic data showed inflation heating up and investors awaited an interest-rate decision by the U.S. Federal Reserve. A Reuters dispatch to The Globe says the S&P/TSX Composite Index ended at 24,706.07, down 79.04 after two straight days of gains. Canada's annual inflation rate rose to 2.6 per cent in February -- the first time in seven months that inflation has crossed above the Bank of Canada's 2-per-cent target. Money markets slightly raised their bets after the data that the central bank will refrain from cutting its key interest rate further at its next policy meeting on April 16. They are still pricing in nearly two more quarter-point cuts by year-end. U.S. stocks also fell. The Fed is expected to keep interest rates unchanged today when it will present updated economic projections. Investors worry that the economy could suffer in a fast-moving trade war. In Toronto, the tech sector fell 1.9 per cent, with shares of Celestica down 4.5 per cent. Financials ended 0.2 per cent lower. Definity Financial shares fell 3.3 per cent after Swiss Re announced a sale of its 10.5-per-cent stake in the Canadian insurer.
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