India, June 4 -- After showing a lack of direction early in the session, Canadian stocks moved to the downside over the course of the trading day on Wednesday.
The benchmark S&P/TSX Composite Index fell 97.64 points or 0.4 percent to 26,329.00, giving back ground after inching up to a new record closing high in the previous session.
The pullback by Canadian stocks came after the Bank of Canada announced its widely expected decision to leave interest rates unchanged for the second consecutive meeting.
The Canadian central bank said it decided to maintain its target for the overnight rate at 2.75 percent, with the Bank Rate at 3 percent and the deposit rate at 2.70 percent.
"With uncertainty about US tariffs still high, the Canadian econo...