CANADA STOCKS-TSX falls broadly as investors sidelined by Fed meeting

Tue Apr 28, 2015 11:24am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Updates with fresh details throughout, analyst comment)

* TSX down 48.37 points, or 0.32 percent, at 15,295.71

* Nine of the index's 10 main groups fall

* Energy stocks down 0.7 percent

By Solarina Ho

TORONTO, April 28 (Reuters) - Canada's main stock index fell on Tuesday as investors shied away from making big bets as the U.S. Federal Reserve kicks off its two-day meeting on monetary policy.

A run of lukewarm U.S. economic data during the first quarter has pushed expectations of the Fed raising interest rates until the second half of 2015.

"(The market's) just trying to figure a timing on when we might see an uptick in interest rates," said Brian Pow, vice president of research and equity analyst at Acumen Capital Partners in Calgary.

"I think people are still counting on that liquidity in the marketplace and if that liquidity moves away and the rates go up, then people are going to have a different view of how they look at equities."   Continued...