Canadian shares are likely to open on a mixed note on Tuesday, tracking European markets and commodity prices. The mood is likely to be cautious with investors awaiting the Bank of Canada's policy announcement on Wednesday.
The Bank of Canada's interest rate decision, the European Central Bank's policy announcement and crucial U.S. GDP and personal consumption expenditure data are among the major economic events eyed this week.
Global cues point to a weak start on Bay Street Friday morning, but rising crude oil and bullion prices may trigger some buying in energy and materials sectors and help limit market's downside.
It's likely to be a weak start for Canadian stocks on Thursday as rising bond yields, and escalating tensions in the Middle East are likely to render the mood a bit bearish.
Canadian shares are likely to open on a mixed note Monday morning, tracking global stocks and the commodities markets. Worries about escalating tensions in the Middle East may weigh on the market.