TSX Futures Muted as Gold Offsets Oil

Canadian stock futures remained flat as rising oil prices were balanced by falling gold values. Investors are currently awaiting upcoming monetary policy decisions from both the Federal Reserve and the Bank of Canada.

Insights:
The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. REUTERS/Chris Helgren

Futures in Canada edged up 0.01% on Tuesday morning as oil gains offset gold losses ahead of monetary policy decisions. The modest move follows a rebound powered by financial and resource shares. Investors are balancing commodity price shifts against imminent central bank rate announcements.