TORONTO – Canadian stock futures signaled a stable start to the week, while Wall Street reached record highs amid investor anticipation of potential interest rate cuts. The TSX Composite index opened with gains, particularly driven by the technology sector, contrasting with a slight dip in the TSX Venture Exchange. Meanwhile, the Canadian dollar held its ground.
In the commodities market, oil prices saw a modest increase, whereas prices experienced a downturn. Investors are closely watching for upcoming economic reports, including GDP data and personal consumption expenditures, which could influence future monetary policy decisions. The market’s focus is currently on the Bank of Canada’s interest rate decision, with expectations leaning towards possible rate reductions beginning as early as March or April.
In other news, Gildan Activewear (NYSE:) recently encountered legal challenges with Browning West over share purchases that…
