By Ketki Saxena
Investing.com – Canada’s main stock index, the S&P/TSX Composite was muted today, even as Wall Street indices climbed higher on a big tech-driven boost.
The commodity-heavy TSX was pressured by sliding crude prices after a postponement of the OPEC+ meeting raised questions about future production cuts.
Toronto Stock Market News
Cineplex Inc. is selling its Player One arcade game business to OpenGate Capital, an international investment company, for $155 million in cash. Player One will continue to supply and service games in Cineplex's theatres and entertainment venues.
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In Canadian Economics
In a speech in New Brunswick, Bank of Canada Governor Tiff Macklem said that interest rates might be at their peak and that excess demand has disappeared from the economy. However, Macklem reiterated that the Canadian central bank remained prepared to hike rates again if needed.