FX.co ★ TSX Futures Edge Higher Ahead of BoC Decision

Futures tracking Canadian stocks inched higher on Wednesday ahead of the Bank of Canada’s interest-rate decision. Investors will scrutinize policymakers’ comments for guidance on the outlook for monetary policy, with the central bank widely expected to leave its key interest rate unchanged at 2.25% at this meeting. Canadian government bond yields eased slightly following a global selloff in the previous session, when elevated oil prices and mounting concerns over government debt in the US and other major economies drove global yields to multi-month highs. Labor market data from both Canada and the United States, due later this week, could further shape expectations for the future path of interest rates.