By Ketki Saxena
Investing.com – Canada’s main stock index, the S&P/TSX Composite, tracked Wall Street lower today, as the optimism driven by expectations of a the Fed having reached its terminal rate was overshadowed by underwhelming forecasts from Cisco (NASDAQ:CSCO) and Walmart (NYSE:WMT).
The commodity-heavy Canadian index was also pressured by crude prices, which hit 2-month lows on stronger-than-expected US crude stocks, and expectations of a slowdown in Chinese oil refinery throughput.
Toronto Stock Market News
The Canada Infrastructure Bank announced it will provide up to $210 million in loans to Parkland Corp (TSX:PKI), in order to help its expand its EV charging network. The expansion plans to add over 2,000 fast-charging ports at roughly 400 sites.
For earnings, view our earnings calendar.
Top Gainers on the TSX Today:
Top Losers on the TSX Today:
For all Canadian Stocks Moving Markets today, view our Canada Markets Page.
In Canadian Economics
Canadian housing starts unexpectedly rose in October, climbing 1% from September.
For all Canadian economic releases, view our economic calendar.
All currencies Canadian Dollar unless noted otherwise.