✉news BusinessMarkets first seen 17 h ago, last 17 h ago, peak #29
TSX pares weekly decline as Fed rate hike bets ease
Original: TSX pares weekly decline as investors reduce Fed rate hike bets
Canada's main stock index trimmed its weekly losses as investors scaled back expectations of further interest rate hikes by the US Federal Reserve. Reduced bets on Fed tightening supported equities in Toronto, helping the TSX recover part of its decline as markets reassessed the outlook for borrowing costs.
Why now: Traders are reacting to shifting expectations for US monetary policy and the impact on Canadian stocks.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/784534