TSX Futures Flat Ahead of BoC and Fed Rate Decisions
TSX futures are steady as investors await rate decisions from the Bank of Canada and the Fed. Markets remain focused on oil price gains and geopolitical risks.
Canada stock futures rose 0.08% Wednesday morning as investors awaited interest rate decisions from the Bank of Canada and the United States Federal Reserve. The S&P/TSX composite index has dropped 2.8% since its March 2 peak, marking its longest losing streak since December. Traders are weighing geopolitical risks against central bank forecasts to determine if the recent equity slide will persist.
### Geopolitics Drive Energy and Metal Divergence Brent Crude Oil rose nearly 3% to a one-month high Wednesday morning. President Donald Trump rejected a proposal from Iran to end the war, instructing aides to prepare a port blockade, according to the Wall Street Journal. These escalating tensions have fueled a four-session decline for the Toronto Stock Exchange as risk appetite wanes.
