India, July 15 -- The Canadian market is likely to open with a slightly negative bias Wednesday morning, weighed down by weak precious metals prices. The focus will be on the interest rate decision from the Bank of Canada.

The Canadian central bank is widely expected to keep its benchmark lending rate unchanged again. The bank's views on growth and inflation will be eyed for directional clues.

Worries about persisting Middle East tensions could weigh on sentiment and force investors to tread cautiously. U.S. forces resumed the naval blockade against vessels transiting to and from Iranian ports and coastal areas, and President Donald Trump threatened to hit energy targets in Iran.

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