TSX Ends Sharply Lower As Stocks Fall After Inflation Data Fuels Rate Concerns
Canadian stocks tumbled on Tuesday after hotter-than-expected inflation data fueled concerns the Canadian central bank might raise interest rates.
Selling was so widespread that all the sectoral indices ended in negative territory. Healthcare, technology, utilities, materials and consumer staples shares declined sharply.
Several stocks from real estate, industrials, consumer discretionary and energy stocks also posted sharp losses.
The benchmark S&P/TSX Composite Index ended down 273.94 points or 1.34% at 20,218.89.