CANADA STOCKS-TSX off six-month highs on soft inflation, weak retail sales [Reuters]
BRP Inc. - Common Subordinate Voting Shares (DOOO)
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Source: Reuters
CANADA STOCKS-TSX off six-month highs on soft inflation, weak retail sales | Reuters 3 Min Read March 22 (Reuters) - Canada’s main stock index pulled back from six-month highs on Friday after the country’s overall inflation missed the central bank’s target for the second straight month, while energy stocks came under pressure from a drop in oil prices. * At 9:37 a.m. ET (13:37 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 73.03 points, or 0.45 percent, at 16,171.56, on pace for its steepest drop in two months. * Domestic economic data showed Canada’s annual inflation rate edged up to 1.5 percent in February, but remained below the Bank of Canada’s 2.0 percent target for the second successive month. * Stocks retreated worldwide after soft German manufacturing data stoked fears of a global economic slowdown, following a dovish turn by the Federal Reserve earlier this week. * Meanwhile, Canadian retail sales unexpectedly dropped for the third consecutive month in Ja
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