CANADA STOCKS-TSX opens flat as investors scale back hopes of June rate cut-April 2024-www.financetom.com

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CANADA STOCKS-TSX opens flat as investors scale back hopes of June rate cut

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CANADA STOCKS-TSX opens flat as investors scale back hopes of June rate cut

Apr 11, 2024 7:05 AM

April 11 (Reuters) - Canada's main stock index opened

muted on Thursday as gains in utility stocks were offset by

losses in financials while receding expectations of a June rate

cut weighed on investor sentiment.

At 9:30 a.m. ET (13:30 GMT), the Toronto Stock Exchange's

S&P/TSX composite index was up 3.28 points, or 0.01%,

at 22,202.41.

(Reporting by Purvi Agarwal in Bengaluru)

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