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TSX Edges Lower as Oil Declines Worldwide
Canada's main stock index dipped 24.06 points to 23,003.09 as oil fell below 70 dollars per barrel for the first time since December 2021. U.S. stocks mixed with the Dow down while the S&P 500 and Nasdaq rose amid inflation and Fed rate cut expectations. Energy shares slipped 2.4 percent on the TSX as OPEC trimmed 2024 demand outlook. Bank of Canada Governor Macklem signaled inflation risks from global slowdown and trade disruption. The loonie traded at 73.53 U.S. cents. October oil settled at 65.75, natgas 2.23, gold 2,543.10, copper 4.10.
MENTIONED IN THIS ARTICLE
Toronto
Canada
U.S
New York
Brianne
OPEC
Gardner
China
Bank of Canada
Tiff Macklem
London