{"id":26012,"date":"2014-09-16T23:50:01","date_gmt":"2014-09-16T15:50:01","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=26012"},"modified":"2014-09-16T23:50:01","modified_gmt":"2014-09-16T15:50:01","slug":"toronto-stock-market-wall-street-open-lower-ahead-of-u-s-fed-meeting","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2014\/09\/16\/toronto-stock-market-wall-street-open-lower-ahead-of-u-s-fed-meeting\/","title":{"rendered":"Toronto stock market, Wall Street open lower ahead of U.S. Fed meeting"},"content":{"rendered":"
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TORONTO — The Toronto stock market opened lower, as traders stayed wary ahead of a meeting by the U.S. Federal Reserve this week.<\/p>\n

The S&P\/TSX composite index dropped 12.23 points to 15,470.33.<\/p>\n

The loonie was up 0.35 of a cent to 90.85 cents US, as the latest data showed that Canadian manufacturing sales rose 2.5 per cent to $53.7 billion in July, exceeding the previous record of $53.2 billion set in July 2008.<\/p>\n

Wall Street was weak with the Dow Jones industrials fading 31.24 points to 16,999.90, the Nasdaq shed 11.93 points to 4,506.97 and the S&P 500 index slipped 3.13 points to 1,981.<\/p>\n

Specifically, markets will be looking to see if the statement released by the Fed following its two-day meeting will have any hints by the central bank on whether it will raise interest rates sooner than mid-2015. Short-term rates have been near zero since the financial collapse.<\/p>\n

On the commodity markets, the October crude contract on the New York Mercantile Exchange gained 63 cents to US$93.55 a barrel. December bullion was up $1.30 to US$1,236.40 an ounce, while December copper was up a penny to US$3.09 a pound.<\/p>\n","protected":false},"excerpt":{"rendered":"

TORONTO — The Toronto stock market opened lower, as traders stayed wary ahead of a meeting by the U.S. Federal …<\/p>\n","protected":false},"author":44,"featured_media":9993,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1482,19,18],"tags":[],"class_list":["post-26012","post","type-post","status-publish","format-standard","has-post-thumbnail","category-breaking","category-business","category-news-ca","mauthors-the-canadian-press"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/26012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=26012"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/26012\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/9993"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=26012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=26012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=26012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}