By Ketki Saxena
Investing.com -- Canada's main stock index, the S&P/TSX Composite Index reversed into the red after opening on a positive note, tracking the Dow Jones Industrial lower as US Treasuries hit a decade high and as investors await the Jackson Hole symposium for Federal Reserve Chair Jerome Powell's comments on interest rate path later in the week.
Meanwhile, the S&P 500 and tech-heavy Nasdaq Composite meanwhile gained on earnings optimism ahead of Nvidia's earnings call.
The commodity heavy TSX was also pressured by losses in crude prices, as traders worry about further rate hikes from the US Federal Reserve, and an economic slowdown in China.
Canadian Stock Market News
Restaurant Brands International (TSX:QSR.TO) shares rose after J.P.Morgan initiated coverage on the stock, giving it an "overweight" rating.
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