S&P/TSX composite slips lower Monday, U.S. stock markets trade higher

TORONTO — Canada's main stock index crept lower on Monday even as the price of oil rose, while U.S. markets were led higher by the Nasdaq as investors anticipate an upcoming interest rate decision by the central bank.In New York, the Dow Jones industrial average was up 75.66 points at 38,790.43.The S&P 500 index was up 32.33 points at 5,149.42, while the Nasdaq composite was up 130.27 points at 16,103.45.

Though the central bank is expected to keep the key interest rate steady, its updated projections could shake the market if its expectations for rate cuts move lower, said Djataou. But if the data is hotter than expected that could pose a risk, she said, noting that markets currently expect the same level of cuts this year in both countries.

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