(Reuters) - Futures linked to Toronto's main stock index edged higher on Wednesday, driven by crude oil prices, while investors braced for a data-heavy ...
- Futures linked to Toronto's main stock index edged higher on Wednesday, driven by crude oil prices, while investors braced for a data-heavy week in the U.S. and Canada that could indicate the interest rate hike path for central banks.The TSX benchmark index closed more than 1% higher on Tuesday as overall market sentiment got a lift after monthly U.S. job openings dropped, bolstering bets around a pause in interest rate hikes by the U.S. Federal Reserve.
On the data front, the U.S. ADP National Employment report and second-quarter gross domestic product estimate numbers are due later in the day. In company earnings, National Bank of Canada posted a drop in its third-quarter adjusted profit as the lender set aside more capital to cover for potential bad loans.
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