TSX Slips Following BoC and US Fed Meetings

2026-04-29 18:25 By Isabela Couto 1 min. read

The S&P/TSX Composite index fell nearly 1% to trade below 33,500 on Wednesday following the BoC's and the US Fed's decision to hold interest rates.

The BoC kept its policy rate at 2.25%, as expected, maintaining a wait-and-see approach amid ongoing US-Iran tensions that continue to stoke inflationary fears.

Meanwhile, the Fed held its benchmark interest rate in the range of 3.5% to 3.75%, citing the surge in oil prices and increased economic uncertainty from the Iran war.

Major banks including BMO and the Royal Bank of Canada lost about 1%.

Meanwhile, the oil spike has lifted energy stocks in recent sessions, while gold prices edged lower, pressuring miners.

Canadian Natural gained near 2% while Agnico Eagle lost nearly 3%.

Separately, major US tech companies including Microsoft, Alphabet, Meta, and Amazon are set to report earnings after the close on Wall Street, potentially influencing Canadian tech stocks.

Shopify shed near 1%.



News Stream
TSX Slips Following BoC and US Fed Meetings
The S&P/TSX Composite index fell nearly 1% to trade below 33,500 on Wednesday following the BoC's and the US Fed's decision to hold interest rates. The BoC kept its policy rate at 2.25%, as expected, maintaining a wait-and-see approach amid ongoing US-Iran tensions that continue to stoke inflationary fears. Meanwhile, the Fed held its benchmark interest rate in the range of 3.5% to 3.75%, citing the surge in oil prices and increased economic uncertainty from the Iran war. Major banks including BMO and the Royal Bank of Canada lost about 1%. Meanwhile, the oil spike has lifted energy stocks in recent sessions, while gold prices edged lower, pressuring miners. Canadian Natural gained near 2% while Agnico Eagle lost nearly 3%. Separately, major US tech companies including Microsoft, Alphabet, Meta, and Amazon are set to report earnings after the close on Wall Street, potentially influencing Canadian tech stocks. Shopify shed near 1%.
2026-04-29
TSX Falls as BoC Holds Rates
The S&P/TSX Composite index inched below 33,500 on Wednesday following the BoC's decision to hold interest rates. The central bank kept its policy rate at 2.25%, as expected, maintaining a wait-and-see approach amid ongoing US-Iran tensions that continue to stoke inflationary fears on the economy. Oil prices extended their rally, raising concerns about global inflationary spikes, already evident in the surge of March's inflation print. Major banks including BMO, TD, and the Royal Bank of Canada traded near the flatline. Meanwhile, the oil spike has lifted energy stocks in recent sessions, while gold prices edged lower, pressuring miners. Canadian Natural gained over 2% while Agnico Eagle lost more than 2%. Separately, major US tech companies including Microsoft, Alphabet, Meta, and Amazon are set to report earnings after the close on Wall Street, potentially influencing Canadian tech stocks. Shopify shed over 1.5%.
2026-04-29
TSX Futures Muted Ahead of BoC Rate Decision
Futures tracking the S&P/TSX composite index were muted on Wednesday as investors awaited interest rate decisions from the Bank of Canada and the US Federal Reserve. The Bank of Canada is expected to hold rates steady at 2.25% later today, adopting a wait-and-see approach as it assesses the impact of an energy shock from the Iran war. Oil price gains could spark global inflationary spikes and weigh on broader economic activity, which were already manifested in the surge in March's inflation print. Global oil prices extended their rally on Wednesday, fueling those concerns and pressuring banking stocks and the broader index. Meanwhile, the oil spike has lifted energy stocks in recent sessions, while gold prices edged lower, pressuring miners. Separately, major US tech companies including Microsoft, Alphabet, Meta, and Amazon report earnings after the closing bell on Wall Street and are likely to influence Canadian tech stocks.
2026-04-29