US EditionS&P/TSX composite down in late-morning trading despite gains in energy stocks
- Canada's main stock index, the S&P/TSX composite, fell by 53.85 points to 26,506.00 amid ongoing investor concerns over interest rates and the Israel-Iran conflict.
- The U.S. Federal Reserve has kept interest rates unchanged and expects to lower them twice this year.
- Shares of Empire Co. Ltd. rose by 5.3% after reporting a quarterly profit of $173 million, improving from $149 million a year earlier.
- Bank of Montreal's shares dropped nearly one percentage point after announcing a deal to buy Burgundy Asset Management for $625 million.
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S&P/TSX composite closes lower despite gains in energy stocks
Canada's main stock index ended lower on Thursday as investors continued to chew on the latest interest rate announcement out of the U.S. and the ripple effects of the Israel-Iran conflict. The S&P/TSX composite index was down 53.
S&P/TSX composite down in late-morning trading despite gains in energy stocks
Canada’s main stock index was down in late-morning trading despite strength in energy stocks as the price of oil moved higher amid growing worries that the fight between Israel and Iran will escalate.
·Canada
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