A look at Wednesday morning’s market action
Global markets were mixed in cautious trading ahead of key U.S. inflation data that could inform the pace of Federal Reserve policy easing. TSX futures were flat after the market closed at a record high yesterday asIn Canada, investors are getting results from Loblaw Cos. Inc., Maple Leaf Foods Inc., Northland Power Inc. and HudBay Minerals Inc.“Today’s numbers may not sooth the doves’ nerves: the US headline inflation is expected to have climbed from 2.4 per cent to 2.
“Crude oil prices edged higher as tightness in the physical market offset bearish sentiment on demand. Buyers in the physical market have been particularly active, with any available cargoes being snapped up quickly,” ANZ analysts said in a note.
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