TSX Seen Opening Higher Ahead of Fed Minutes

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The benchmark Canadian index is likely to open strong on Wednesday, tracking stock futures, as investors await the minutes of the U.S. Federal Reserve's meeting held on March 18 and 19. The minutes are expected to come out at 2 p.m.

Investors are looking for clues on the Fed's next move regarding its monetary stimulus program and when it might raise key rates. Two Fed officials reportedly urges the bank to be clear on what economic conditions would prompt it to raise rates.

Gold prices were down in recent trading, which could hurt mining stocks during the session.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

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