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- Futures for Canada's main stock index rose on Wednesday, buoyed by rising prices of most metals as Treasury yields slipped, while investors awaited minutes from the Federal Reserve's September policy meeting and later in the week U.S. inflation data.Materials shares are expected to see a rise after prices of most metals shot up, as U.S. Treasury yields extended their retreat after Israel intensified its airstrikes on Gaza and on hopes that interest rates have hit a peak.
The Fed's latest policy minutes and U.S. producer prices data due later in the day will be scanned for more clues on the interest rate path. The retail inflation data for the U.S. is due on Thursday. Several Fed officials in recent days have suggested that the U.S. central bank doesn't need to raise borrowing costs any further.
The Toronto Stock Exchange's S&P/TSX composite index ended up 255.13 points, or 1.3%, at 19,501.20 on Tuesday, notching its biggest advance in nearly four weeks as higher commodity prices bolstered resource shares and long-term borrowing costs eased. COMMODITIES AT 7:30 a.m. ETBrent crude: $87.47; -0.2%
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