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Stock impact report

The close: TSX rises as soft inflation data not seen delaying rate hike [Toronto Globe and Mail (Ontario, Canada)]

Toronto Dominion Bank (The) (TD) 
Last toronto dominion bank (the) earnings: 2/27 06:30 am Check Earnings Report
Canada’s main stock index rose on Friday after data showed annual inflation rate dipped as price pressures from gas and air travel eased. The Toronto Stock Exchange’s S&P/TSX composite index was up 65.97 points, or 0.43 per cent, at 15,470.10. Statistics Canada said the annual inflation rate in September fell to 2.2 per cent from 2.8 per cent as price pressures from gas and air travel eased. Story continues below advertisement Investors, however, expect the central bank to raise interest rates again next week. “We always knew we were going to see headline CPI inflation trend back down towards 2 per cent ... the hike next week is going to happen,” said Andrew Kelvin, senior rates strategist at TD Securities. The sentiment was boosted by the energy sector , which rose 0.7 per cent as oil prices moved up on signs of surging demand in China, the world’s second-biggest oil consumer. Transcanada Corp. rose 1.5 per cent, while Enbridge Show less Read more
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