Canadian Stocks Close Moderately Lower For Third Straight Day
RTTNews 2023-06-09 20:28:05 • 2 mins
After showing a lack of direction early in the session, Canadian stocks moved moderately lower over the course of the trading day on Friday.
The benchmark S&P/TSX Composite Index fell 50.64 points or 0.3 percent to 19,892.06, closing lower for the third straight session.
The extended pullback on Bay Street came as traders continued to react to the Bank of Canada's interest rate hike on Wednesday, which came after the Canadian central bank left rates unchanged for two straight meetings.
Traders also continued to look ahead to the Federal Reserve's highly anticipated monetary policy meeting next week.
