Canadian Stocks Poised For Gains On Oil, Metals Rally

(RTTNews) - Canadian stocks are seen opening on a positive note on Wednesday, as firm crude oil and precious metals prices point to some buying in energy and materials sectors. The overall mood is likely to remain somewhat cautious amid persisting concerns about Middle East tensions and a lack of progress in U.S.-China negotiations to end the conflict. U.S. inflation data is likely to make an impact. Data showed U.S. PCE price index rose 0.3% in August, while annual growth remained unchanged at 3.4%. Core PCE Price index inched up 0.2% in August, while annual growth remained unchanged at 3%. Meanwhile, U.S. Gross Domestic Product jumped by an upwardly revised 2.2% in the second-quarter. Data from payroll processor ADP showed private sector in the U.