Markets

TSX opens lower as materials drag

Published February 2, 2024 Updated February 2, 2024 07:38pm
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Canada’s main stock index opened lower on Friday, dragged by material-linked stocks and after stronger-than-expected jobs data from the United States further quashed hopes of an early rate cut by the Federal Reserve.

TSX flat as energy gains offset declines in miners

At 9:31 a.m. ET (14:31 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 69.77 points, or 0.33%, at 21,049.44.