India, Feb. 18 -- Canadian shares are likely to open on positive note Tuesday morning, tracking higher oil and metal prices. However, Canada's consumer price inflation data, due before the opening bell, holds the key.
Worries about U.S. tariffs, and geopolitical tensions could weigh on sentiment and limit market's upside.
The annual inflation rate in Canada eased to 1.8% in December of 2024 from 1.9% in the previous month, to mark the softest rate of price growth since September. The Consumer Price Index decreased 0.4% month-over-month in December, the first decline in three months, after a flat reading in November,
The annual core inflation rate in Canada rose to a six-month high of 1.8% in December 2024, up from 1.6% in the prior month...