Oil Above $70, Poloz Speech Eyed — Canadian Commentary
Canadian stocks are poised for tepid gains Wednesday morning ahead of a speech from Bank of Canada governor Stephen Poloz.
Traders will be looking for clues about whether the BoC plans to raise interest rates in July.
WTI light sweet oil has rallied above $71 a barrel, a good sign for energy stocks.
While the Canadian market has performed fairly well, U.S. stocks are in for another rough open amid trade tensions and concerns about political issues.
Corus (CJE.TO) cut its dividend after reporting a third quarter loss.
A division of Scotiabank (BNS.TO) faces a class action lawsuit over advice fees.
Aurora Cannabis (ACB.TO) has arranged a $250 million loan from BMO.
Poloz speaks at 3 pm ET.
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