TORONTO — Canada’s main stock index edged lower on weakness in the technology sector as falling AI stocks dragged U.S. markets lower.
Friday’s trading session came ahead of a key inflation report from Statistics Canada on Monday.
“The Canadian economy has grown decently and inflation here in Canada on the core side has actually been close to the Bank of Canada’s target around two per cent,” said Steve Locke, chief investment officer for fixed income and multi-asset strategies at Mackenzie Investments.
“The inflation story is not quite as hard to manage here for the Bank of Canada.”
A Reuters poll of economists expects inflation cooled to
→ Continue reading at BIV