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- Futures for Canada's main stock index were little changed on Thursday, as markets braced for key economic data from home and the U.S., while lower commodity prices are expected to weigh on resource shares.The materials sector is expected to take a hit on lower prices of most metals, including gold and copper, as the dollar scaled a two-week peak against its major peers, making it more expensive to buy the greenback-priced commodities.
April's personal consumption expenditure report from the U.S., due on Friday, remains the most crucial data in the week and could sway bets on the timing of the U.S. central bank's first interest rate cut. U.S. stock index futures also slipped on Thursday, as uncertainty around how long the Fed could keep interest rates elevated weighed on market sentiment.
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