TORONTO — Canada's main stock index continued to rise Thursday, boosted by gains in energy stocks, while U.S. stock markets moved lower with the post-election rally appearing to be in the rearview mirror.In New York, the Dow Jones industrial average was down 207.33 points at 43,750.86. The S&P 500 index was down 36.21 points at 5,949.17, while the Nasdaq composite was down 123.07 points at 19,107.65.
“There’s a lot of uncertainty still overhanging the market,” she said, and that’s reflected in the higher level of volatility. Some of these policies are expected to be inflationary, but could also dampen economic growth, she said. U.S. wholesale inflation accelerated in October, coming in at 2.4 per cent from 1.9 per cent in September.But she expects more wariness going forward as the central bank looks for signs that progress on inflation could be stalling, “especially if we have these inflationary forces that can come down the pipeline in the next 12 to 24 months on the back of a Trump agenda.”
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