According to Golden Ten Data, Canadian markets were trading cautiously ahead of the Federal Reserve's interest rate decision. Canadian stocks were trading in negative territory just after noon local time on Wednesday. Energy and materials stocks fell significantly. The benchmark stock index S&P/TSX Composite Index fell 99.68 points, or 0.42% on the day. The Federal Reserve is widely expected to cut interest rates today, with the market focusing on the extent of the cut and potential clues on future interest rate trends.