Statistics Canada released the inflation report for May on Wednesday, showing a surprising uptick in the country's yearly inflation rate to 2.9% for the month, exceeding the forecasted figure of 2.7%. This development might shake the market's anticipation of a rate cut coming in July. Nonetheless, the data aligns with the Bank of Canada's target range for inflation control, set at 1%-3%. Before the report's release, market conse...

Good morning mooers! Here are things you need to know about today's market:
● S&P/TSX 60 Index Standard Futures are trading at 1,326.00, down 0.23%
● Big 6 banks see at least 2 more Canada rate cuts in 2024
● Statistics Canada to release May jobs report this morning
● Bank of Canada cut starts to nudge mortgage rates down
● Stocks to watch: Saputo
Market Snapshot
Today, the Canadian dollar is trading...