TSX Futures Rise on Crude Surge Ahead of Bank of Canada Rate Decision

The TSX futures edged up on Tuesday as crude oil prices surged and Middle East hostilities amplified ahead of the Bank of Canada's interest rate announcement.

Futures on the S&P/TSX Composite Index rose 0.5% to 2,117.80 points, recovering from a decline on Monday due to broad selling in materials, real estate, and technology shares.

The Bank of Canada is widely anticipated to leave its target overnight rate unchanged at 2.25% for the seventh consecutive meeting on Wednesday.

Financial markets are pricing in nearly 75 basis points of BOC rate hikes over the next twelve months, but fixed-income strategists view this path as overly aggressive given trade friction.