By Ketki Saxena
Investing.com -- The TSX tracked Wall Street lower as minutes from the U.S Federal Reserve's June meeting showed that Fed members were nearly unanimous in their calls for further rate hikes as inflation remains "unacceptably high".
Despite a rally in crude prices as markets continue to weigh further output cuts from Saudi Arabia and Russia, the commodity-linked TSX was pressured by metal prices as investors worry about global growth.
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Brookfield's reinsurance division announced plans to acquire American Equity Investment Life Holding in an ambitious $4.3 billion deal aimed at expanding its insurance business operations.
Teck Resources (TSX:TECKa)' shares slipped after China Investment Corporation divulged that Fullbloom Investment Corporation – its wholly-owned subsidiary – had decided to sell off some of its shares in the miner.
Osisko Gold (TSX:OR) Royalties announced that industry veteran Paul Martin will replace Sandeep Singh as CEO on an interim basis with immediate effect.
Quebecor (TSX:QBRa) meanwhile announced that it would withdraw all advertisements from Facebook (NASDAQ:META) and Instagram platforms.
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