TSX opens flat as investors assess GDP data
- Futures tied to Canada's main stock index edged higher on Friday in thin trading volumes, while investors looked forward to the day's key economic data to gauge the pace of the Bank of Canada's interest-rate cuts.The U.S. equity market reopened for half a day following the Thanksgiving holiday on Thursday, with limited trading volumes expected throughout the day.
The country's economy has buckled under the pressure of high borrowing costs. The top bank has already delivered four rate cuts in a row this year to spur growth.The TSX's heavyweight energy sector grabbed attention as oil prices fell, pressured by easing concerns over supply risks from the Israel-Hezbollah conflict.
The composite index, which closed at a record high on Thursday due to gains for energy and industrial shares, is on track to log its fifth consecutive monthly rise.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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