CANADA STOCKS-TSX opens lower after unexpected rise in Canadian inflation-April 2024-www.financetom.com

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CANADA STOCKS-TSX opens lower after unexpected rise in Canadian inflation

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CANADA STOCKS-TSX opens lower after unexpected rise in Canadian inflation

Jun 25, 2024 6:59 AM

June 25 (Reuters) - Canada's main stock index opened

lower on Monday after a surprisingly stronger-than-expected

inflation report clouded hopes for interest rate cuts from the

Bank of Canada in July.

At 9:33 a.m. ET (1333 GMT), the Toronto Stock Exchange's

S&P/TSX composite index was down 0.5% at 21,738.96.

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