FX.co ★ TSX Futures Edge Lower Ahead of Fed Decision

Futures linked to Canada’s S&P/TSX Composite Index slipped on Wednesday as investors awaited further clarity on the US–Iran peace agreement and the US Federal Reserve’s policy outlook. US President Donald Trump noted that the memorandum of understanding with Iran was not yet final. Crude prices hovered near a three-month low, pressured by expectations that the Strait of Hormuz could reopen and by an International Energy Agency warning of a possible supply glut next year. Canadian government bond yields ticked lower as easing energy-driven inflation concerns supported banking shares and the broader equity benchmark. At the same time, markets were looking ahead to Federal Reserve Chair Kevin Warsh’s first policy decision, with consensus expectations pointing to an interest rate hold.