Skip to main content

Featured

Your daily horoscope: January 27, 2026

  IF TODAY IS YOUR BIRTHDAY You will be in a commanding mood over the next 12 months, the sort of mood where you don’t suffer fools and you don’t take prisoners. And why should you when you know all the answers, or at least the ones that are important to you? ARIES (March 21 - April 20): If you feel the need to spend some time alone then do so and don’t feel guilty about it. Even an Aries has days when it all gets too much and you need to keep the world at arm’s length. You will be raring to go again tomorrow. TAURUS (April 21 - May 21): Like it or not you will have to show your face and maybe even say a few words today. You may be a very private person but with so much going on career-wise you can and you must get yourself noticed. Your future could depend on it. GEMINI (May 22 - June 21): It’s not often you are this ambitious but over the next few days you will be determined to push ahead with your plans and push past obstacles that in former times might have held you back. Now t...
Post a Comment
Read more

article

Labels

TSX futures rise ahead of BoC meeting, metal prices boost materials sector

 

The S&P/TSX index futures were up 0.3% on Tuesday morning, as investors awaited the Bank of Canada’s monetary policy meeting on Wednesday and the fourth-quarter results of Canadian National Railway later in the day.

The materials sector, which accounts for about 10% of the index, was set to gain from higher gold and copper prices, supported by a weaker U.S. dollar and hopes of more stimulus from China, the top consumer of metals.

Gold prices rebounded from a two-week low hit on Monday, while copper and other industrial metals advanced on expectations that Beijing would announce more measures to boost its economy, which has been hit by the coronavirus outbreak.

Oil prices, however, eased slightly as traders weighed the geopolitical risks in several regions, such as Iran, Iraq, and Libya, with the supply disruptions in the U.S. and the resumption of production in Libya.

The focus of the market was on the Bank of Canada’s meeting on Wednesday, where the central bank is widely expected to keep its policy rate unchanged at 5%, but also signal its stance on future rate cuts.

Money market participants are now pricing in a 22.4% chance of a rate cut in March and a 50.2% chance in April, according to Citigroup analysts.

“We expect an overall hawkish meeting, with officials emphasizing a commitment to 2% inflation and pushing back on expectations for imminent rate cuts, but also expressing more confidence than in previous meetings that rates are appropriately restrictive,” they said in a note.

The Toronto Stock Exchange’s S&P/TSX composite index ended up 17.78 points, or 0.1%, at 20,924.30 on Monday, boosted by gains in financials and real estate.

Meanwhile, railroad operator Canadian National Railway is expected to report its fourth-quarter results later in the day, which could provide some insight into the impact of the ongoing rail blockades by indigenous protesters.

Wood products firm West Fraser announced the closure of its Fraser Lake sawmill, which is expected to affect 175 employees and the company’s production capacity.

Labels:

Comments

Post a Comment