TSX hits 13-month low as energy shares drag [Financial Post (Toronto, Ontario, Canada)]
Aurora Cannabis Inc. - Common Shares (ACB)
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Source: Financial Post
At 9:43 a.m. ET (13:43 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 411.18 points, or 2.1%, at 19,200.38, to its lowest level since May 2021, with all sub-sectors in red. The Fed on Wednesday matched market expectations by hiking interest rates by 75 basis points and projected a slowing economy and rising unemployment in the coming months. “The market now taking the view that the Fed is willing to tip the US economy into recession if that is the price to pay to return inflation to target,” said Stuart Cole, head macro economist at Equiti Capital. The Swiss National Bank also raised its policy interest rate for the first time in 15 years with a surprise 50 basis point hike that soured global sentiment and sent the safe-haven franc up sharply. The energy sector dropped 3.2% as oil prices fell to two-week lows on the back of inflation concerns highlighted by interest rate hikes in the United States, Britain and Switzerland, though tight oil supply limited losse
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ACB
Analyst Actions
- 2/8/24 - CANACCORD
ACB
Sec Filings
- 3/1/24 - Form 6-K
- 2/16/24 - Form 6-K
- 2/8/24 - Form 6-K
- ACB's page on the SEC website