A look at Tuesday morning’s market action
TSX futures pointed higher after Canada’s main stock index fell yesterday, as a drop in oil prices weighed on energy stocks.
“What does that mean for the Fed? I think all data points to one interest rate cut later in the year, potentially in December. If the data moves quicker than expected that cut could be moved forward to September.” Brent crude futures fell 1.5 per cent to $77.22 a barrel after closing below US$80 yesterday for the first time since Feb. 7. West Texas Intermediate crude futures eased 1.7 per cent to US$72.99 a barrel. WTI after settling yesterday near a four-month low.Currencies and bonds
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