TSX Futures Edge Higher Ahead of BoC Meeting
Canadian stock futures edged higher on Tuesday as investors awaited monetary policy decisions from the Bank of Canada and the US Federal Reserve later this week. The BoC meets Wednesday, with markets pricing in a 25-basis-point rate hike, while the Fed is widely expected to hold rates steady. Canadian bond yields fell as the oil rally paused, easing energy-driven inflation concerns and supporting bank stocks. Meanwhile, the US and Canada are reportedly negotiating a deal to ease US tariffs on Canadian steel and autos as both sides seek to repair relations following the breakdown of trade talks in August. Elsewhere, gold prices slipped slightly and silver fell, weighing on mining stocks.
Canadian stock futures edged higher on Tuesday as investors awaited monetary policy decisions from the Bank of Canada and the US Federal Reserve later this week. The BoC meets Wednesday, with markets pricing in a 25-basis-point rate hike, while the Fed is widely expected to hold rates steady. Canadian bond yields fell as the oil rally paused, easing energy-driven inflation concerns and supporting bank stocks. Meanwhile, the US and Canada are reportedly negotiating a deal to ease US tariffs on Canadian steel and autos as both sides seek to repair relations following the breakdown of trade talks in August.
Elsewhere, gold prices slipped slightly and silver fell, weighing on mining stocks.