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Stock impact report

TSX set to open lower as rate cut uncertainty looms, gold prices fall [Reuters]

West Fraser Timber Co. Ltd Common stock (WFG) 
Company Research Source: Reuters
April 3 (Reuters) - Futures for Canada's main stock index dipped on Wednesday as cautious investors awaited further clues about the U.S. interest rate cut trajectory, while a decline in gold prices also weighed. June futures on the S&P/TSX index were down 0.3% at 7:06 a.m. ET (11:06 GMT), mirroring losses in their Wall Street peers. The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) , opens new tab ended 0.5% lower on Tuesday, as uncertainty around interest rate cuts weighed on the communication services and real estate sectors. The index had pulled back after notching a series of record closing highs. Meanwhile, gold prices took a breather after notching up yet another record high after growing tensions in the Middle East and U.S. interest rate cut hopes continued to push investors to the safe haven. On the bright side, Shanghai copper prices rallied to an all-time high, boosted by a bullish demand outlook and supply worries. Oil prices were stable as investo Show less Read more
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