India, Sept. 16 -- The Canadian market is likely to open on a positive note Wednesday morning with materials stocks set to attract buying thanks to strong precious metals prices. A notable drop in crude oil prices could ease concerns about inflation.
The focus is on the Federal Reserve's monetary policy announcement, due at 2 PM ET. The Fed is widely expected to raise interest rate by 25 basis points. The accompanying statement is eyed for clues about the central bank's future interest rate path.
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