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Stock impact report

TSX futures edge up tracking precious metals prices [Reuters]

Vermilion Energy Inc. Common (Canada) (VET) 
Last vermilion energy inc. common (canada) earnings: 4/28 04:05 pm Check Earnings Report
Company Research Source: Reuters
March 27 (Reuters) - Futures for Canada's main stock index inched higher on Wednesday, tracking an uptick in precious metals prices, though weaker crude oil limited gains. Futures on the S&P/TSX index were up 0.2% at 6:56 a.m. ET (1056 GMT). Gold and silver prices crept higher with investors exercising caution ahead of a crucial U.S. inflation report due later in the week. The February data for U.S. personal consumption expenditure price index, the Federal Reserve's preferred inflation gauge, is due on Friday, when the U.S. and Canadian markets would be closed for the Good Friday holiday. The data could offer clues on the timing for the Fed's first interest rate cut, with traders widely expecting its first reduction of 25 basis points in June. 0#FEDWATCH But according to economists and analysts, the Bank of Canada is likely to move ahead of the Fed on its first rate cut, as tepid economic growth and cooling inflation are priming up conditions to ease borrowing rates sooner. Show less Read more
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