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Stock impact report

TSX futures move up buoyed by oil prices; CPI data on watch [Reuters]

Bank Of Montreal (BMO) 
Last bank of montreal earnings: 2/25 06:00 am Check Earnings Report
Company Research Source: Reuters
September futures on the S&P/TSX index were up 0.2% at 7:26 a.m. ET (11:26 GMT), following the underlying benchmark index (.GSPTSE) hitting a six-week high on Friday. Oil prices rose for a third straight session, buoyed by forecasts of a widening supply deficit in the fourth quarter after Saudi Arabia and Russia extended cuts along with optimism around a demand recovery in China. Datasets on the Canadian domestic housing starts, and producer prices are due later in the day. Canada's annual inflation data, due on Tuesday, is expected to show a rise to 3.8% in August from 3.3% in July, while on a month-over-month basis, the consumer price index (CPI) is likely to have cooled down to 0.3% from 0.6%, as per LSEG data. Traders are betting on a near 80% chance for the BoC to hold rates steady in its October meeting. The CPI data comes after last week's Canadian Prime Minister Justin Trudeau's warning about new taxes that might be imposed on national grocery chains. Industry exp Show less Read more
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