TSX Rises After BoC Holds Rates Steady

2026-07-15 20:26 By Isabela Couto 1 min. read

The S&P/TSX Composite Index added 0.3% to close at 35,416 on Wednesday as investors assessed the Bank of Canada's interest rate decision.

The BoC kept its key policy rate unchanged at 2.25%, as expected, noting that the economy is showing signs of improvement.

The central bank said growth is picking up and inflation is projected to ease gradually from its recent spike.

However, it also highlighted significant risks and uncertainties stemming from the conflict in the Middle East and US trade policy.

Financials led the gains, with RBC up 1.6%, TD Bank adding 1.4%, BMO advancing 1.3%, and CIBC rising 1.7%.

Meanwhile, mining stocks pared earlier gains, with Agnico Eagle down 1.3% and Barrick losing 1.6%.

Shopify (-1.8%), Constellation Software (-2%), and Celestica (-2.9%) tracked weakness in US technology stocks.

Elsewhere, Cogeco Communications (+1.3%) is set to release its third-quarter results after the market close.



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TSX Rises After BoC Holds Rates Steady
The S&P/TSX Composite Index added 0.3% to close at 35,416 on Wednesday as investors assessed the Bank of Canada's interest rate decision. The BoC kept its key policy rate unchanged at 2.25%, as expected, noting that the economy is showing signs of improvement. The central bank said growth is picking up and inflation is projected to ease gradually from its recent spike. However, it also highlighted significant risks and uncertainties stemming from the conflict in the Middle East and US trade policy. Financials led the gains, with RBC up 1.6%, TD Bank adding 1.4%, BMO advancing 1.3%, and CIBC rising 1.7%. Meanwhile, mining stocks pared earlier gains, with Agnico Eagle down 1.3% and Barrick losing 1.6%. Shopify (-1.8%), Constellation Software (-2%), and Celestica (-2.9%) tracked weakness in US technology stocks. Elsewhere, Cogeco Communications (+1.3%) is set to release its third-quarter results after the market close.
2026-07-15
TSX Edges Higher After BoC Policy Decision
The S&P/TSX Composite Index edged up to trade above 35,000 on Wednesday as investors assessed the Bank of Canada's interest rate decision. The BoC kept its key policy rate unchanged at 2.25%, as expected, noting that the economy is showing signs of improvement. The central bank said growth is picking up and inflation is projected to ease gradually from its recent spike. However, it also highlighted significant risks and uncertainties stemming from the conflict in the Middle East and US trade policy. Financials traded higher, with RBC and TD Bank edging up, while Brookfield gained more than 1.5%. Mining stocks also advanced as gold prices firmed, with Barrick and WPM adding about 0.5%. Elsewhere, Cogeco Communications (+0.4%) is set to release its third-quarter results after the market close. On the data front, Canada's manufacturing sales reached a record high in May, rising 1.3% month-over-month to C$78.1 billion.
2026-07-15
TSX Futures Edge Lower Ahead of BoC Meeting
Futures tracking the S&P/TSX Composite Index edged lower on Wednesday as investors assessed escalating tensions in the Middle East and awaited the Bank of Canada's interest rate decision. Oil prices rose as the worsening conflict continued to fuel concerns over global supply disruptions. Higher energy prices also revived inflation worries, weighing on financial stocks and the broader index. Meanwhile, the Bank of Canada is widely expected to keep its key policy rate unchanged at its July meeting later in the session. Elsewhere, Cogeco Communications is set to release its third-quarter results later in the day. On the data front, Canada's manufacturing sales reached a record high in May, rising 1.3% month-over-month to C$78.1 billion.
2026-07-15