India, Feb. 18 -- After a marginal upmove at the start, the Canadian market slipped into negative territory Tuesday morning, but recovered and edged above the flat line subsequently on selective buying as investors digest the nation's inflation data and continue to follow the developments on the geopolitical front.
Higher bond yields weigh on stocks.
The benchmark S&P/TSX Composite Index is up 12.96 points or 0.05% at 25,496.19 about half an hour before noon.
Data from Statistics Canada showed the annual inflation rate in Canada edged higher to 1.9% in January 2025, from 1.8% in the previous month. The CPI in Canada rose 0.1% from a month earlier in January 2025, as expected, compared with a 0.4% decline in December 2024.
The annual cor...