Canadian shares are likely to open on a subdued note on Thursday, tracking weak clues from Asian and European markets. Slightly higher crude oil prices might trigger some buying in the energy space.
With a slew of crucial U.S. and Canadian economic data due this week, and the Bank of Canada's monetary policy announcement due on Wednesday, the mood is likely to remain cautious on Bay Street.
While sluggish commodity prices and weak U.S. futures point to a subdued start for the Canadian market, Canadian employment data, and earnings updates from major banks are likely to determine the mood on Bay Street Friday morning.
Higher U.S. and Canadian futures, firm crude oil prices, and positive European markets are pointing to a higher start for Canadian shares on Thursday. The focus is on Canadian GDP data and U.
Canadian shares are likely to open with a slightly positive bias Tuesday morning, tracking higher crude oil and gold prices. However, with a slew of crucial economic data from Canada, the U.