TSX Slides 0.7% Over Trump China Visit

Canadian S&P/TSX 60 fell 14.8 points (0.7%) and composite down 206.6 points (0.6%) as investors weighed Trump’s China trip and inflation data.
US CPI and PPI rose in April, pushing Fed rate‑hike expectations to 20 basis points by next April and lifting Treasury yields.
Oil prices stayed above $70 per barrel as the Strait of Hormuz was closed, while gold slipped amid a stronger US dollar.
Cisco earnings and upcoming Fed Chair confirmation of Kevin Warsh were highlighted as additional market catalysts.