TORONTO — Canada’s main stock index eked out a gain Wednesday, weighed down by weakness in energy and metals, while U.S. markets rose ahead of the much-anticipated inflation data coming Thursday, and the start to earnings season on Friday.
TORONTO — Canada’s main stock index eked out a gain Wednesday, weighed down by weakness in energy and metals, while U.S. markets rose ahead of the much-anticipated inflation data coming Thursday, and the start to earnings season on Friday.
Investors appeared broadly optimistic ahead of the inflation release, said Michael Currie, senior investment adviser at TD Wealth.
The data could have implications for the U.S. Federal Reserve’s monetary policy, as talk in 2024 centres around when and by how much central banks will cut interest rates, said Currie.
“I think people are a little bit more optimistic that maybe the worst is behind them,” he said, adding that January is usually…
