Looming Fed Announcement In Focus On Wall Street

Looming Fed Announcement In Focus On Wall Street
The major U.S. index futures are pointing to a modestly higher opening on Wednesday, with stocks likely to see initial strength after ending the previous session mixed. Traders are looking ahead to the Federal Reserve’s monetary policy announcement scheduled for later this afternoon. With the Fed widely expected to raise interest rates by 25 basis points, traders are likely to... Read More

Bay Street Likely To Open On Cautious Note

Bay Street Likely To Open On Cautious Note
The Canadian stock market is likely to open on a subdued note on Wednesday, with investors making cautious moves, tracking mixed global cues and sluggish commodity prices. The U.S. Federal Reserve is scheduled to announce its monetary policy later in the day. Markets across the globe are looking ahead to the Fed’s rate decision and the accompanying policy statement for... Read More

TSX Pares Early Gains, Ends Weak

TSX Pares Early Gains, Ends Weak
The Canadian stock market once again failed to capitalize on a firm start, as shares gave up early gains due to investors’ reluctance to make significant moves at higher levels. The market eased despite the Canadian Prime Minister Justin Trudeau’s remarks that he saw a possibility that Canada could build on a bilateral deal that the United States and Mexico... Read More

TSX Settles Lower After Choppy Session

TSX Settles Lower After Choppy Session
The Canadian stock market ended lower on Wednesday, led by losses in consumer staples, healthcare and industrials sections. Energy stocks ended on a mixed note. The materials section saw some buying thanks to higher gold prices. The mood was cautious with investors weighing the impact of the U.S.-China trade dispute on the global economy and due to the delay in... Read More

Canadian Shares Seen Opening On Cautious Note

Canadian Shares Seen Opening On Cautious Note
Canadian shares look headed for a flat start on Wednesday, with investors looking for direction. Higher gold prices may trigger some buying in the materials space. Amid U.S.-China trade war tensions, investors across the globe are wary of making big moves, and the trend is unlikely to be any significantly different today. Canada’s Foreign Affairs Minister Chrystia Freeland flew back... Read More