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Bay Street Likely To See Another Weak Start

May 14, 2020 - Nasdaq
Financial Results

(RTTNews) - Weak Canadian and U.S. futures amid rising concerns about a deep recession due to the impact of the coronavirus pandemic point to lower opening in the Canadian stock market on Thursday. The Federal Reserve Chairman Jerome Powell's comments on the economy, the World Health Organization (WHO)'s statement about COVID-19 and the Organization for Economic Cooperation and Development (OECD) are expected to weigh on sentiment. Higher crude and gold prices may provide some support, but the...