TSX Futures Dip on Oil Price Rise and Rate Decision
Canadian stock futures dipped as rising oil prices heightened inflation worries ahead of the Bank of Canada policy announcement. Markets widely anticipate a rate hike to curb energy-driven pressures while investors await upcoming corporate earnings.
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Canada's S&P/TSX futures fell 0.1% during Wednesday morning trading as rising oil prices fueled inflation concerns ahead of the central bank's rate decision. The downturn follows a six-day high reached on Tuesday, supported by CELESTICA INC's earnings and precious metal gains. Markets are weighing inflationary pressures from energy costs against the broader economic outlook.
