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Canada stocks fall as Powell testimony weighs on energy shares
Canadian markets slid with the S&P/TSX composite off 83.63 points to 22,042.50 as energy and industrials lagged. In U.S. trading, Dow fell 52.82 while the S&P 500 rose 4.13 and Nasdaq gained 25.55 as Powell signaled progress against inflation but held to data-driven rate cut timing. Financials outperformed, loonie near C$0.7332, oil and metals mixed ahead of CPI data.
MENTIONED IN THIS ARTICLE
Canada
U.S
Congress
U.S. Federal Reserve
Jerome Powell
Powell
New York
Mike Archibald
AGF Investments Inc
Fed
Archibald
CME Group
House Financial Services Committee