Futures linked to Canada's main stock index fell on Tuesday as investor caution ahead of inflation data weighed on risk appetite and countered gains in gold ...
- Futures linked to Canada 's main stock index fell on Tuesday as investor caution ahead of inflation data weighed on risk appetite and countered gains in gold prices .The materials sector is expected to grab focus, with gold having hit a record high as the dollar weakened and investors bought into the bullion amid bets of a U.S. rate cut.
Investors will be keeping an eye on the U.S. Federal Reserve Chair Jerome Powell's commentary at the Jackson Hole Economic Symposium on Friday, amid acknowledgments of a possible rate cut in September.Reduced U.S. borrowing costs could help stimulate consumer spending and corporate investments in the country, while also prompting higher trade between the United States and Canada.The data is expected to show domestic inflation to be moderate to 2.
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