Canadian Market Modestly Lower In Cautious Trade Ahead Of Fed Movefxcue.com

(fxcue news) - The Canadian market is down in negative territory a little past noon on Wednesday with investors largely treading cautiously ahead of the Federal Reserve's monetary policy announcement later in the day. Energy and materials stocks are among the notable losers. The benchmark S&P/TSX Composite Index is down 99.68 points or 0.42% at 23,578.02 about a quarter past noon. The Fed is widely expected to lower interest rates today. However, the focus is on the size of reduction, and possible clues about future interest-rate trajectory from the central bank's accompanying statement. Kinross Gold Corporation (K.TO), Rogers Communications (RCI.B.TO), Athabasca Oil Corporation (ATH.TO), Pembina Pipeline Corporation (PPL.TO), Veren Inc (VRN.TO), Baytex Energy (BTE.TO) and Cenovus Energy (CVE.TO) are down with sharp to moderate losses. Bausch Health Companies (BHC.TO) is soaring nearly 10%. Bausch + Lomb (BLCO.TO) is gaining 7.7%. BCE Inc (BCE.TO) and Jamieson Wellness (JWEL.TO) are up 2.5% and 2%, respectively. Bombardier Inc (BBD.B.TO), Docebo Inc (DCBO.TO), Morguard Corporation (MRC.TO) and Dayforce (DAY.TO) are also notably higher. Descartes Systems Group (DSG.TO) announced today that it has acquired Assure Assist, Inc., doing business as MyCarrierPortal (MCP), for a consideration of approximately US$24 million. The stock is up by about 0.4%. Quarterhill Inc. (QTRH.TO) shares are gaining 3% after the company announced that it has been awarded two contracts worth US$5.8 million for the supply of advanced commercial vehicle enforcement technology for weigh stations operated by the North Carolina Department of Public Safety State Patrol.

Canadian Market Modestly Lower In Cautious Trade Ahead Of Fed Move

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U.S. Industrial Production Rebounds Much More Than Expected In August

U.S. Retail Sales Unexpectedly Inch Higher In August

U.S. Homebuilder Confidence Improves Slightly More Than Expected In September

U.S. Business Inventories Rise 0.4% In July

U.S. Housing Starts

Canadian Market Modestly Lower In Cautious Trade Ahead Of Fed Move

Thai Shares May Inch Higher Again On Wednesday

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Canadian Market Modestly Lower In Cautious Trade Ahead Of Fed Move

U.S. Housing Starts Spike Much More Than Expected In August

U.S. Industrial Production Rebounds Much More Than Expected In August

U.S. Retail Sales Unexpectedly Inch Higher In August

U.S. Homebuilder Confidence Improves Slightly More Than Expected In September

U.S. Business Inventories Rise 0.4% In July

U.S. Housing Starts

Canadian Market Modestly Lower In Cautious Trade Ahead Of Fed Move

Thai Shares May Inch Higher Again On Wednesday

Please sign in

Trader

Buy gold and clear all positions to take profit, earning $16000.

Buy spot gold 2553.7, take profit 2564.3 and exit. Continue to buy at a low level

Sell small gold positions and take profit.

Buy USDJPY, sell EURUSD, stop loss out.

Buy gold 2570, take profit 2577.

Take profit on all gold sell orders transactions

Buy gold to take profit and exit, buy cautiously, and focus on selling high.

Sell gold orders for profit, add lunch.

USDJPY profit taking profit

Profit taking from selling gold orders

Tags

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