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TSX Futures Edge Up Ahead of BoC Rate Decision Amid Crude Rally

Guavy AI Editorial Team
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CAD
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Canada's main equity benchmark is expected to remain stable ahead of the Bank of Canada's interest rate announcement on Wednesday. TSX futures are edging up, rising 0.5% to 2,117.80 points.

The recent surge in crude oil prices and escalating Middle East hostilities have offset the drag from the mining sector, which saw broad selling in materials, real estate, and technology shares on Monday.

The Bank of Canada is widely anticipated to leave its target overnight rate unchanged at 2.25% for a seventh consecutive meeting. However, an escalating trade conflict with Washington threatens to derail Canada's second-quarter economic recovery.

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