At the open: TSX slides ahead of GDP data release [Toronto Globe and Mail (Ontario, Canada)]
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Source: Toronto Globe and Mail
At the open: TSX slides as Feb. GDP stalls Canada’s main stock index opened lower on Thursday, in line with a decline on Wall Street, while data showed Canada’s economic growth stalled in February due to disruptions caused by the novel coronavirus pandemic. At 9:31 a.m. ET, the Toronto Stock Exchange’s S&P/TSX composite index was down 167.22 points, or 1.1%, at 15,060.89. The Canadian dollar edged lower against its U.S. counterpart on Thursday, pulling back from an earlier six-week high, as the rally in global shares lost some momentum and domestic data showed no economic growth in February. The Canadian dollar was trading 0.1% lower at 1.3893 to the greenback, or 71.98 U.S. cents. The currency notched its strongest intraday level since March 16 at 1.3850, while it was on track to rise 1.2% for the month. Global stocks dipped as the European Central Bank (ECB) kept much of its remaining policy powder dry, preparing for a long fight against the coronavirus pandemic’s fallout. Still, st
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