The TSXS rally rally stops before the decisions of the Central Bank

TSX ends with 0.4% at 29 315.23

He goes back from high records on Monday

A group of materials reduces 1.9%

Teck Resources loses 4.3%

(Market updates)

On September 16 (Reuters) – the main stock rate in Canada withdrew on Tuesday from a record level on Tuesday, because metal actions and consumers have lost before the political decisions of Bank of Canada and the federal reserve.

The S & P/TSX composite indicator has ended 115.79 points, i.e. 0.4%, at 29 315.23, after publishing a record closing on Monday.

“I will breathe a decoction market – it was a long rally,” said Christine Tan, a portfolio manager at SLGI Asset Management. “I’m just waiting for what will happen tomorrow at rates of rates.”

It is expected that both the Fed and BOC will lower interest rates on Wednesday after the last data of both parties of the border showed the weakening of labor markets.

“Some data, especially in Canada, were very weak on the work side,” said Tan. By increasing the cut out of waiting rates, Canadian consumer prices increased in August by 1.9% per year, which is unable to forecast economists.

The Materials Group, which includes fertilizer companies and metal actions, lost 1.9%, which gives some of the last profits. The Canadian industry minister Melanie Jola said that next week she would meet with general directors Anglo American and TECK Resources Ltd to discuss the proposed connection. Tecka, the main copper manufacturer, ended by 4.3% lower.

Consumer staples fell by 0.7%, and consumer recognition ended 0.9% lower. Only two of the 10 main sectors ended higher, including energy. It increased by 2.5%, because the oil price resolved by 1.9% higher at USD 64.52 per barrel. Traders have wondered that Russian oil reserves can be disturbed by Ukrainian drone attacks on ports and refineries.

Air Canada said that the union representing their flight attendants asked for cancellation of mediation after the members voted against the remuneration agreement at the beginning of this month. Airline shares fell by 0.4%. (Report: Fergal Smith and Twesha Dikshit; edition: Vijay Kishore and Marguerita Choy)