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North American markets slip as inflation cools in Canada
Canada’s main index edged lower while U S markets fell amid rate cut expectations. Canada’s inflation slowed to 2.9 percent prompting debate over Bank of Canada timing. U S investors forecast rate cuts later in 2024. Nvidia weighed on tech stocks as fears of a late-cycle slowdown persisted.
MENTIONED IN THIS ARTICLE
Canada
U.S
New York
Statistics Canada
Bank of Canada
Tiff Macklem
Central Bank
Lesley Marks
Mackenzie Investments
Federal Reserve
Wall Street
CME
FedWatch
Marks
Nvidia
Boc
Orlando
Eby
British Columbia