CANADA STOCKS-TSX listless ahead of Fed rate decision

Thu Sep 17, 2015 10:55am EDT
 
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(Adds details, prices)

* TSX down 37.25 points, or 0.27 percent, at 13,726.53

* Investors pause, wait on Fed decision

TORONTO, Sept 17 (Reuters) - Canada's main stock slipped in lackluster trade ahead of a pivotal U.S. Federal Reserve interest rate decision due later on Thursday.

The Fed will announce the outcome of its policy meeting and release its latest economic projections at 2 p.m. ET (1800 GMT), followed by a news conference by Chair Janet Yellen at 2:30 p.m.

The event, which has several plausible possible outcomes, will likely determine trading directions across asset classes. In the meantime, global markets were jittery and little changed.

The Toronto Stock Exchange's S&P/TSX composite index was down 37.25 points, or 0.27 percent, at 13,726.53.

Canadian companies with operations in the United States or revenues priced in U.S. dollars could get a boost if the Fed hikes rates.

The most influential weights included fertilizer company Potash Corp, which fell 1.6 percent to C$33.10, and Toronto-Dominion Bank which declined 0.6 percent to C$52.85.   Continued...