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* TD Bank to the U. S. brokerage firmCowen in $1. 3 billion deal
* Air Canada raises its annual forecasts and loses its profits
* The Canadian plant grows at the slowest rate in two years
* TSX down 0. 9%
By Bansari Mayur Kamdar and Johann M. Cherian
Aug 2 (Reuters) – Canada’s most sensitive inventory index on Tuesday followed commodity-related inventory losses, with a slowdown in production activity last month and tensions between the United States and China over the planned trip by the speaker of the U. S. House of Representatives. Nancy Pelosi, to Taiwan.
At 10:13 a. m. ET, the S composite index
The electricity sector and the textile sector fell by 2. 6% and 0. 7%, respectively, following weak raw material costs, as Sino-US tensions and poor factory knowledge in the US were not very much in the way of the factories. U. S. , Europe and Asia on Monday pushed investors toward safer assets.
In Canada, the knowledge showed that production and new orders declined for the first time since the early stages of the coronavirus pandemic.
“Lately, companies have declined with emerging prices of hard work and higher interest rates. You can’t keep developing, you can’t keep hiring, and you can’t keep developing the business when situations are favorable,” said Allan Small, senior investment advisor at Allan Small. Financial Group.
The money sector fell 1. 1%, while commercial stocks fell 0. 9%.
Meanwhile, Air Canada fell 1. 2% after losing profits and forecasting higher spending for the full year.
Toronto Dominion Bank fell 1. 2% after it bought New York-based investment bank Cowen to bolster its presence in the fast-growing U. S. market.
(Reporting via Bansari Mayur Kamdar and Johann M Cherian in Bengaluru; Edited via Vinay Dwivedi)