TSX Futures Steady Ahead of Bank of Canada Decision
Canadian stock futures hovered near flat on Wednesday as investors awaited the Bank of Canada rate decision amid renewed conflict in the Middle East and rising bond yields. Markets also digested recent political developments and upcoming employment data.
Canadian blue-chip futures edged down 0.13% during Wednesday morning trade as markets weighed military escalation in Iran against the upcoming interest-rate decision from the central bank. The downturn comes as rising sovereign yields compound pressure on commodity-heavy equities across Canada. Bond yields climbed following fresh clashes after U.S. forces struck southern Iran while regional bases faced incoming fire. Investors are closely tracking policy signals from the Bank of Canada, which is widely expected to hold rates steady.
