Dec 16 - Canada's main stock index dipped on Monday after Finance Minister Chrystia Freeland resigned abruptly ahead of the mid-term budget, while investors awaited the Federal Reserve's rate decision later this week.
"Her reference to –"costly political gimmicks, which we can ill afford and which make Canadians doubt that we recognize the gravity of the moment" – isn't giving investors confidence in the government's response to proposed 25% tariffs from the Trump administration," said Graham Priest, investment advisor, BlueShore Financial.
Gold prices , however, gained against a softer dollar ahead of the Fed's policy meeting on Wednesday when the central bank is expected to deliver a third rate cut this year and provide hints regarding its 2025 outlook.
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