By Ketki Saxena
Investing.com – The TSX tracked Wall Street lower after hotter-than-expected US CPI data further pushed out market expectations of rate cuts from the Fed, putting a damper on market sentiment.
The headline US inflation print climbed to 3.4% on an annual basis in December, up from 3.1% in November, and compared to a forecast for a 3.2% reading.
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Toronto Stock Market News
Aritzia (TSX:ATZ) shares soared to the top of the TSX as the retailer’s Q3 results smashed analyst estimates, and as several analysts including UBS lifted their rating on the stock.
Interfor Corp (TSX:IFP) shares slipped after a downgrade from “buy” to “hold” by TD (TSX:TD) Securities.
The Panama unit of First Quantum Minerals (TSX:FM) announced that it will begin presenting its Cobre Panama mine preservation plans to the Panamian government on January 16.
Thomson Reuters Corp (TSX:TRI) announced that it had made an offer to buy Swedish e-invoicing and tax solutions company Pagero for 6.4 billion crowns ( $627 million U.S.)
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In Canadian Economics
No major Canadian economic data expected.
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All currencies Canadian Dollar unless noted otherwise.