© Reuters.
Investing.com – Canada’s main stock index, the S&P/TSX Composite, hovered at the flatline in afternoon trading on Monday. Sentiment remained cautious in Canadian markets ahead of a domestic inflation report expected to show a month-over-month uptick in inflation, which could keep the Bank of Canada on the sidelines for longer.
Economists expect that the headline Canadian CPI rate, on an annualized basis, will come in at 3.1% for February amid higher gas prices, as compared to a in January.
Wall Street’s main indices meanwhile traded on a positive note as investors anticipate a from the on Tuesday. Strength in Nvidia (NASDAQ:) also helped boost sentiment, as the AI darling kicked off its annual conference for developers, amid expectations for the unveiling of next-gen AI chips.
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