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North American miners caught up in Fed sell-off

Shares in US and Canadian-listed mining firms have fallen after the US Federal Reserve’s decision on May 4 to increase interest rates and to lay out the groundwork for additional rises at its next meetings in June and July.

Steven Swindells
Mining stocks lower after Fed

Mining stocks lower after Fed

The Toronto-based S&P/TSX global mining index fell 4% to 113 on May 5 and 15% off its record high of 133 reached on April 18 this year.  It lost an additional 1.6% on May 6 in opening trade. The...

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