The stock market index of the 500 largest companies of the United States reached its highest level ever yesterday, closing out the session at 2,100.34. Investors' appetite for risk was also reflected in other assets classes. For example, crude oil prices and the loonie both reached their highest levels of the month yesterday. Buyers beware!
This morning we will have Wholesale Sales figures for Canada at 8:30 a.m. Market forecasts are for a 0.3% rise in December, a strong rebound compared to the -0.3% in November. This afternoon, the U.S. Federal Reserve will release the minutes from the January 27-28 FOMC meeting. Many pundits are expecting to find clues that will point to a coming interest rate hike. We'll see if the members of the committee feel the same way. Have a great day!
Xavier Villemaire
Range of the day: 1.2350 - 1.2450
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