The Canadian market recorded its biggest single-session drop in three months on Wednesday amid fading optimism about an early rate cut by the Federal Reserve after the recent batch of strong U.
Canadian shares are likely to open with a negative bias Wednesday morning, weighed down by weak crude oil prices and weak European markets. Uncertainty about the outlook for interest rates is likely to weigh as well.
The Canadian market is down sharply on Wednesday with stocks from across several sectors reeling under a severe bout of selling pressure amid fading hopes of early rate cuts from the Federal Reserve.
The Canadian market recorded its biggest single-session drop in three months on Wednesday amid fading optimism about an early rate cut by the Federal Reserve after the recent batch of strong U.