TSX opens sharply lower after hot U.S. inflation data
(Reuters) – Canada’s main stock index opened sharply lower on Thursday, dragged down by technology stocks after a stronger-than-expected U.S. inflation data stoked worries that the Federal Reserve will continue on its aggressive rate-hiking spree.
At 09:30 a.m. ET (13:30 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 265.97 points, or 1.46%, at 17,940.31, extending losses for the sixth day.
(Reporting by Johann M Cherian in Bengaluru; Editing by Sriraj Kalluvila)
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