TSX Pulls Back from Record High as Materials Sector Dips

Canada's main stock market, the TSX, took a break after hitting its highest point ever.

This happened because some investors decided to sell some of their stocks.

The companies involved in metal mining, like Teck Resources, lost value.

Investors are waiting to see what the Bank of Canada and the Federal Reserve will do regarding interest rates.

This is influenced by economic factors like weak labor market data and lower-than-expected inflation.

Also, the price of oil increased slightly.

Melanie Joly, the Canadian Industry Minister, plans to discuss the merger of Anglo American and Teck Resources.