Credit: Shutterstock photoCanadian stocks are likely to trade in the red, tracking world markets, as fears over the U.S. Federal Reserve's monetary stimulus program resurface. A policy maker said the bank may reduce the monthly pace of the bond-buying program from the current $85 billion in October. This weighed on commodities, which in turn, could hurt Toronto's resource-heavy main stock index.
Disappointing data from Germany - signaling modest economic recovery - could also weigh on the S&P TSX Composite Index. The European giant posted a weaker-than-expected rise in business sentiment in September.
Investors will be keeping an eye on the shares of Blackberry (BB.TO) after the troubled mobile phone maker reportedly agreed to go private for $4.7 billion.
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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.
