Canadian shares are likely to open on a cautious note on Monday with investors awaiting a slew of key economic data from Canada and the U.S. Concerns about economic slowdown in China and weak crude oil prices are likely to weigh on the market.
Canadian shares are likely to move in a tight range on Friday as traders may well prefer to stay on the sidelines due to a lack of triggers. Data on manufacturing activity in the U.
Futures and European stocks point to a muted start on Bay Street Tuesday morning, but it will be the inflation data, which is due before the opening bell, that will determine the mood.
Bay Street is likely to see a mixed start on Monday, tracking crude oil's uptick and weak bullion prices. With the focus on the release of the minutes from U.S. central bank's latest policy meeting, the mood is likely to remain somewhat cautious.
Canadian shares look set to end on a positive note Friday morning, tracking firm European markets and higher commodity prices. A drop in bond yields is also expected to aid sentiment.