CANADA STOCKS-TSX slips as oil prices tumble, BoC rate decision awaited [Reuters]
Turquoise Hill Resources Ltd. Ordinary Shares (TRQ)
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Source: Reuters
CANADA STOCKS-TSX slips as oil prices tumble, BoC rate decision awaited - Reuters 2 Min Read May 29 (Reuters) - Canada’s main stock index fell on Wednesday, as weak oil prices dragged down energy shares, while investors awaited an interest rate decision from the Bank of Canada. * At 9:36 a.m. ET (1336 GMT), the Toronto Stock Exchange’s S&P/TSX Composite index was down 116.52 points, or 0.71%, at 16,180.94. * The energy sector dropped 1.7%, the most among the 11 major sectors. * Oil prices fell nearly 3% after China signaled it would use the rare earths card in its trade war with the United States, stoking concerns that an ongoing stand-off could hurt crude demand. * Uncertainty due to trade conflicts has worried the Bank of Canada, which is widely expected to leave its benchmark interest rate unchanged at 1.75%. The rate decision is due at 10 a.m. (1400 GMT). * A Reuters poll showed on Friday that the central bank is done raising interest rates until at least the end of next year with
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