By Ketki Saxena
Investing.com -- Canada's main stock index, the S&P/TSX Composite index declined to its lowest level since last October, after yesterday's comments from US Federal Reserve officials that interest rates will need to stay restrictive for "some time". Fears that the Fed may hike rates one more time this year sent US Treasury yields to fresh 16 year highs, while Canada's benchmark 10 year bond yield also touched 16 year highs.
The commodity heavy Canadian index was also pressured by falling metal prices.
Canadian Stock Market News
Brookfield Asset Management (TSX:BN) Ltd. announced that it has raised US$12 billion for its new global private equity fund, Brookfield Capital Partners VI. Brookfield has so far committed US$3.5 billion to the fund.
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