TSX futures rise into Bank of Canada rate decision
Futures tracking Canadian stocks edged higher ahead of the Bank of Canada’s interest-rate decision, where the key rate is widely expected to be held at 2.25%. Traders will focus on policymakers’ comments after yields eased post-global selloff.
Futures tracking Canadian stocks edged higher on Wednesday ahead of the Bank of Canada’s interest-rate decision.
Markets will closely watch policymakers’ comments for clues on the path ahead, with the central bank widely expected to hold it's key interest rate at 2.25% this meeting.
Canadian bond yields eased slightly after a global selloff in the previous session, as elevated oil prices and concerns over government debt in the US and other major economies pushed global yields to multi-month highs.
Employment reports from Canada and the US due later this week could further shape monetary policy expectations.