(Reuters) - Futures for Canada's resource-heavy stock index inched lower on Wednesday as prices of precious metals eased, with traders remaining ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOS - Futures for Canada's resource-heavy stock index inched lower on Wednesday as prices of precious metals eased, with traders remaining cautious ahead of U.S. inflation data that would provide further clarity on the Federal Reserve's interest rate path.
The U.S. consumer prices index report for August due at 8:30 a.m. ET is expected to show core inflation easing, though headline inflation is forecast to rise on higher fuel costs. Metal prices slipped on Wednesday, pressured by a stronger dollar and a rise in U.S. Treasury yields, with gold prices around two-week lows. [GOL/]
Benchmark government debt yields rose, with 10-year bond yields at 3.71%, adding pressure on TSX futures.
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