CANADA STOCKS-TSX bounces off over two-year lows on Poloz comments [Reuters]
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Source: Reuters
CANADA STOCKS-TSX bounces off over two-year lows on Poloz comments | Reuters 3 Min Read Dec 18 (Reuters) - Canada’s main stock index rose on Tuesday after notching its lowest close in more than two years in the previous session, as Bank of Canada Governor Stephen Poloz said interest rate hikes could be interrupted amid signs of slowing growth and low oil prices. * At 9:35 a.m. ET (14:35 GMT), the Toronto Stock Exchange’s S&P;/TSX composite index was up 53.36 points, or 0.37 percent, at 14,416.01. * The index rose for the first time in four sessions. * The pace of interest rate hikes in Canada could be interrupted or sped up depending on the economic circumstances, Poloz said late on Monday. * The heavyweight financials sector gained 0.4 percent and the industrial sector rose 0.9 percent. * The energy sector was the biggest loser with a 0.6 percent drop, after U.S. crude prices fell 1.5 percent a barrel and Brent crude dropped 1.2 percent. * The materials sector, which includes preciou
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