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Bay Street On Fed Watch -- Canadian Commentary

Canadian stocks are poised for a quiet open Wednesday morning ahead of this afternoon's U.S. interest rate announcement.

The Federal Reserve is expected to raise interest rates, and much attention will be paid to the Fed's so-called dot plot for rate projections.

The central bank could signal two more rate hikes are coming this year.

Energy stocks will be in focus after President Donald Trump tweeted that oil prices were "too high" and that OPEC is "at it again."

The American Petroleum Institute (API) reported a draw of 730,000 barrels of United States crude oil inventories for the week ending June 8.

Suncor (SU.TO) is expected to re-start a key refinery today.

AltaGas Ltd. (ALA.TO) will sell 35 percent of its interest in the Northwest British Columbia Hydro Electric Facilities for $922 million.

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