Bay Street Likely To Open Weak; Inflation Data In Focus

(RTTNews) - Canadian stocks look headed for a weak start on Monday as selling is likely in the materials and technology sectors due to weak precious metals prices and warning of potentially large-scale AI-driven cyberattacks, respectively. Energy stocks may find support as oil prices are up sharply on supply concerns following Saudi Arabia shutting down a crucial pipeline following recent drone attacks. Canadian inflation data due at 8:30 AM ET, could make a significant impact on sentiment. Investors also await the Federal Reserve's monetary policy decision due on Wednesday.