By Ketki Saxena
Investing.com – Canada's main stock index, the S&P/TSX Composite, tracked Wall Street lower today, as the Fed’s minutes from its November policy meeting showed that Fed policymakers remained cautious on the monetary policy path forward, planning to “proceed carefully” and keep policy restrictive “for some time”.
The commodity-heavy Canadian index was also pressured by crude prices. Sentiment was cautious ahead of Sunday’s OPEC+ meeting, and traders taking profits after the recent spike driven by the prospect of deepening OPEC+ supply cuts.
Toronto Stock Market News
Capital Power (TSX:CPX) shares sank 6.3% after the company announced its acquisition of two natural gas-fired generation facilities in the US, for $1.1 billion.
TransAlta announced it will invest $3.5 billion in clean electricity generating and storage capacity by the end of 2028. The company anticipates two-thirds of profit to come from renewable electricity production by 2028.
For earnings, view our earnings calendar.
Toronto Stocks Moving Markets Today
Top Gainers on the TSX Today:
Top Losers on the TSX Today:
For all Canadian Stocks Moving Markets today, view our Canada Markets Page.
In Canadian Economics
On an annual basis, CPI edged down to 3.1% in October, from 3.8% in October, and cooler than expectations for a 3.2% reading. Core inflation measures also cooled to their lowest levels in two years. On a monthly basis, the headline CPI was up 0.1%.
For all Canadian economic releases, view our economic calendar.
All currencies Canadian Dollar unless noted otherwise.