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%.



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