India, Aug. 19 -- Canadian stock market descended on Tuesday amid soft domestic inflation data coupled with uncertainty over US Fed rate cuts.
After opening just near yesterday's close, the benchmark S&P/TSX Composite Index managed to reach day's high within an hour but then slid into negative territory and finally closed at 27,823.88, down by 98.97 points (or 0.35%).
On the data front, figures released by Statistics Canada revealed that the year-on-year annual inflation rate in Canada eased to 1.7% in July from 1.9% in June - below market forecasts of 1.8%.
The month-on-month consumer prices rose by 0.3% over a month in July after a 0.1% increase in June. On a seasonally adjusted monthly basis, consumer prices inched up 0.1%.
Year-on-y...