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TSX May Open Higher After Fed Rate Hike

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Canada's benchmark index looked set to open higher on Thursday, a day after the U.S. Federal Reserve increased interest rates, as widely expected.

Stock futures for the March quarter on the S&P TSX index were up 0.1% recently.

Action Economics ( AE ) said the Fed delivered the expected 25 basis points hike but remained cautious on the future rate outlook.

Meanwhile, AE said Saudi Arabia believes it is too soon to discuss extending agreed cuts beyond June, as it in fact increased its output in February. Oil prices were modestly higher, as a result.

The TSX gained 141 points on Wednesday, led by materials and energy.

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

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

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