In the early premarket period, futures linked to the Dow, S&P and Nasdaq were all hovering near break even. What every Canadian investor needs to know today:
fell 1.28 per cent to mark its biggest decline since mid-December and its lowest close since Jan. 12.
The Fed minutes are due at 2 p.m. ET. In its latest decision earlier this month, the Fed hiked rates by half a percentage point and signalled further moves would be necessary to continue the battle against inflation. Money market participantsat 5.35 per cent in July and staying close to those levels through the year.
Crude prices were down for a third straight session as traders await the Fed minutes later in the day, looking for further clues about where the U.S. central bank will go on interest rates.
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