By Ketki Saxena
Investing.com – The TSX tracked Wall Street higher today, as market sentiment remained positive ahead of this week’s monetary policy announcement from the US Federal Reserve.
The Fed is widely expected to keep rates on hold, but investors will be closely watching remarks accompanying the decision, to guage for how long the Fed will keep rates high.
Canadian Stock Market News
First Quantum (TSX:FM) shares continued to slide as uncertainty grows around the continuation of operations of its Cobre Panama, ahead of a referendum held by the Panama mine government to decide on the company’s contract. First Quantum shares slid to their lowest level in nearly three years.
BlackBerry (TSX:BB) shares slid after the company announced the retirement of Chief Executive Officer John Chen yesterday.
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Canadian Stocks Moving Markets Today
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In Canadian Economics
GDP data showed the Canadian economy stagnated in August and likely slipped into a recession in the third quarter. Advance estimates show that Canada’s GDP contracted by 0.1% in Q3, marking the second consecutive quarter of negative growth.
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All currencies Canadian Dollar unless noted otherwise.