News Snapshot:
Canada’s latest inflation report and retail sales data from the U.S. market could give further direction to TSX stocks today. Canadian stocks started the new week on a bearish note, as China’s lower-than-expected gross domestic product growth in the second quarter and high unemployment among youth kept investors on their toes. The S&P/TSX Composite Index slid by 35 points, or 0.2%, on Monday to settle at 20,227 after rallying by 2.2% in the previous week. Despite a rally in some healthcare stocks, weakness in most other market sectors, including energy, utilities, and consumer cyclicals, dragged the TSX index down, as...
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