TSX gains as Middle East tensions ease and BoC looms
The Toronto Stock Exchange rose 0.6 percent on Tuesday as a ceasefire between Iran and Israel improved global sentiment. Investors are now shifting focus to Wednesday's Bank of Canada interest rate decision and upcoming U.S. inflation data to gauge the future path of monetary policy.
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Canada's S&P/TSX composite index rose 0.6% to 34,717.89 points on Tuesday morning. The gain followed a ceasefire between Iran and Israel that settled global market volatility. Investors are shifting focus from geopolitical risk to the Bank of Canada interest rate decision due on Wednesday.
