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TSX falls as commodity stocks weigh

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Canada's main stock index fell on Thursday, tracking weakness in oil and precious metal prices, amid worries over the path of U.S. interest rates and demand in top metal consumer China.

, fell 1.5% each, as metal and crude prices slid over the dollar's strengthening and investors reckoned that China's recent easing of some COVID-19 curbs might not be enough to boost demand.

Month-on-month consumer prices rose in October and now traders are looking to producer prices data, due on Friday, for cues on how it would alter the Bank of Canada's rate hiking path. "I think they're still on track for another hike," said Greg Taylor, portfolio manager at Purpose Investments. "The data hasn't done enough to derail them from their plan and I think that's a good thing given high inflation,"Among stocks, TC Energy

 

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