TSX Index Sees Slight Decline as Investors Await Economic Data
Canada’s main stock benchmark edged lower on Monday, with market participants holding back from major moves ahead of upcoming domestic inflation figures and a key U.S. central bank event later this week. The TSX Index dipped by 10.31 points by midday to stand at 27,895.18. Meanwhile, the Canadian dollar eased 0.04 cents, trading at 72.34 cents U.S. Economic Developments On the economic front, the Canada Mortgage and Housing Corporation reported a 3.7% rise in the six-month trend for housing starts in July, totaling 263,088 units. Statistics Canada also noted that foreign investors added $709 million worth of Canadian securities in June, marking the first net inflow since January. At the same time, Canadian investors boosted their overseas exposure with $9 billion in foreign securities purchases, including U.S. equities and non-U.S. bonds. Market Performance The TSX Venture Exchange inched down 0.48 points to 790.28 by noon. Sector activity on the main exchange showed an even split be...