Futures linked to Canada's main stock index rose on Monday, buoyed by optimism around interest-rate cuts in the United States, while lower crude prices kept ...
- Futures linked to Canada 's main stock index rose on Monday, buoyed by optimism around interest-rate cuts in the United States, while lower crude prices kept the gains in check.The energy sector is expected to lose ground after oil prices fell on anticipation around weaker demand in China.
A series of favourable U.S. economic data last week, including the annual inflation and retail sales numbers, assuaged fears of an imminent recession and bolstered hopes of a soft landing in the world's largest economy. In corporate news, Japanese operator of 7-Eleven, Seven & i, said it had received a preliminary takeover offer from Canadian convenience store operator Alimentation Couche-Tard.NCAA champion Alexa Noel's debut as a professional tennis player arrives next week at the U.S. Open — a decade after she went to Flushing Meadows with a racket in hand for the first time.
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