India, Aug. 19 -- The Canadian market is likely to open on a positive note on Wednesday, reacting to the Trump administration's decision to temporarily halt new tariffs on a number of Canadian goods. Concerns over U.S.-Iran tensions could weigh and limit market's upside.

Materials stocks may move higher, riding on firm precious metals prices.

Investors will be looking ahead to the minutes from the Federal Reserve's latest monetary policy meeting for clues about the central bank's interest rate moves in upcoming meetings.

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