By Ketki Saxena
Investing.com - The Canadian stock market remained muted in afternoon trading as investors reacted to yesterday's hotter than expected domestic inflation data. The materials sector faced a decline of around 1%, which dragged down the commodity-reliant index, alongside falling bullion prices. The energy sector meanwhile traded slightly higher by 0.1%, as crude prices gained.
Wall Street meanwhile rebounded on debt-ceiling talks optimism and a boost from Tesla (NASDAQ:TSLA) and Western Alliance (NYSE:WAL).
The Biggest Stories on Bay Street
Gibson Energy (TSX:GEI) raised its yearly growth capital forecast and approved two new tanks at Edmonton Terminal – setting up for its best day in over a year if gains persist.
Thomson Reuters (TSX:TRI) Corp stock increased after its parent company and U.S buyout firm Blackstone (NYSE:BX) Inc sold shares worth approximately $3.41 billion in the London Stock Exchange Group (LON:LSEG).
Lithium Americas Corp (TSX:LAC)'s faced a reprieve as the U.S Interior Department removed one of the last remaining barriers for their Thacker Pass mine project in Nevada.
In Canadian Stocks
Top Gainers:
Top Losers:
In Canadian Economics
Statistica Canada reported that foreign investors reduced their exposure to Canadian securities by $19.1 billion in March, while Canadian investors reduced their holdings of foreign securities by $5.6 billion in March 2023. As a result, international transactions in securities generated a net outflow of funds of $13.5 billion in March.