(RTTNews) - 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. Dollarama Inc. reporting second-quarter sales of C$2,026.6 million compared to C$1,723.8 million in the prior year. Net earnings stood at C$349.3 million, or C$1.29 per share, compared to C$321.5 million, or C$1.16 per share, in the previous year.
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