TSX Futures Edge Higher Ahead of Rate Decisions

2025-10-29 12:55 By Isabela Couto 1 min. read

Futures tracking Canada’s S&P/TSX Composite Index rose slightly on Wednesday ahead of interest rate decisions from the Bank of Canada and the US Federal Reserve.

Both central banks are expected to cut rates by 25 basis points to support slowing growth, with the BoC facing added pressure from US tariff threats, while investors will assess the outlook for how policymakers may balance inflation threats and softer labor markets next year.

Gold miners traded in Toronto were supported by a 1% increase in benchmark bullion prices as investors returned to the metal after a recent three-week low.

In turn, oil prices climbed amid lower US crude inventories this week and optimism over upcoming US-China talks.

Canadian Natural is set to report Thursday, with consensus pointing to higher revenue but slimmer earnings.

Yesterday, Cameco surged nearly 23% after striking a deal with the US government—alongside Brookfield—to accelerate Westinghouse nuclear reactor construction.



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