TSX opens lower as losses in materials shares weigh; CPI data disappoints

(Reuters) – Canada’s main stock index opened lower on Tuesday led by losses in the materials sector, while investors were disappointed that core inflation rose more than expected in December ahead of next week’s interest rate decision by the Bank of Canada.

At 9:32 a.m. ET (1432 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 114.19 points, or 0.54%, at 20,947.69.

(Reporting by Shubham Batra in Bengaluru; Editing by Tasim Zahid)