US EditionS&P/TSX composite closes slightly higher, U.S. markets slip ahead of inflation data
- Canada's S&P/TSX composite index rose by 16.55 points to 27,775.23 on Monday, driven by consumer cyclical stocks.
- The S&P/TSX composite index increased by 16.55 points, finishing at 27,775.23, while U.S. markets declined ahead of inflation data.
- Cannabis stocks surged after U.S. President Trump mentioned reclassifying marijuana, with Tilray Brands Inc. rising by 41%.
- U.S. inflation data is anticipated to show a 2.8 percent increase in prices for July compared to last year, up from June's 2.7 percent.
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S&P/TSX composite closes slightly higher, U.S. markets slip ahead of inflation data
TORONTO — Strength in consumer cyclical stocks helped Canada's main stock index finish slightly higher on Monday, while U.S. markets lost ground as investors await U.S. inflation data. The S&P/TSX composite index was up 16.55 points at 27,775.23.
@ the Bell: Markets hold steady ahead of inflation showdown
Canada’s main stock index moved slightly higher on Monday, as investors remained cautious ahead of several key developments—including US-Russia diplomatic talks, ongoing trade tensions, and crucial US inflation data expected later in the week. Cannabis stocks rallied after The Wall Street Journal reported that President Donald Trump was considering reclassifying marijuana to a lower danger level. Canopy Growth (TSX:WEED) saw a 26 per cent gain o…
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Total News Sources12
Leaning Left8Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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