September 6, 2017 / 11:46 AM / 2 months ago

TSX ends lower as Bank of Canada rate hike weighs

TORONTO (Reuters) - Canada’s main stock index edged lower on Wednesday as a surprise Bank of Canada interest rate hike pressured rate-sensitive sectors, including telecoms and utilities, while the materials group also lost ground, offsetting gains for energy shares.

The Toronto Stock Exchange sign is seen in Toronto, Ontario, Canada July 6, 2017. REUTERS/Chris Helgren

The Toronto Stock Exchange’s S&P/TSX composite index .GSPTSE unofficially closed down 30.32 points, or 0.2 percent, at 15,059.83. Eight of the index’s 10 main groups ended lower.

Reporting by Fergal Smith; Editing by James Dalgleish

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