TSX Edges Higher Ahead of BoC and Fed Meetings

2026-10-27 13:52 By Isabela Couto 1 min. read

The S&P/TSX Composite Index edged above 36,000 on Tuesday as investors awaited monetary policy decisions from the Bank of Canada and the US Federal Reserve later this week.

The BoC meets Wednesday, with markets pricing in a 25 bps hike, while the Fed is widely expected to hold rates steady.

Canadian yields fell as the oil rally paused, easing energy-driven inflation concerns and supporting banks.

RBC, TD Bank, BMO, Scotiabank and CIBC edged higher.

Meanwhile, the US and Canada are reportedly negotiating a deal to ease US tariffs on Canadian steel and autos.

BRP rose nearly 1%, while Algoma gained almost 2%.

Celestica surged more than 11% after posting better-than-expected third-quarter results and issuing an upbeat 2027 revenue outlook, recovering from last week’s sharp losses.

Agnico Eagle (+0.5%) reports Wednesday, Fairfax (-0.5%) on Thursday, and Imperial Oil (-1%), Cameco (+3%) and National Railway (+0.5%) on Friday.



News Stream
TSX Edges Higher Ahead of BoC and Fed Meetings
The S&P/TSX Composite Index edged above 36,000 on Tuesday as investors awaited monetary policy decisions from the Bank of Canada and the US Federal Reserve later this week. The BoC meets Wednesday, with markets pricing in a 25 bps hike, while the Fed is widely expected to hold rates steady. Canadian yields fell as the oil rally paused, easing energy-driven inflation concerns and supporting banks. RBC, TD Bank, BMO, Scotiabank and CIBC edged higher. Meanwhile, the US and Canada are reportedly negotiating a deal to ease US tariffs on Canadian steel and autos. BRP rose nearly 1%, while Algoma gained almost 2%. Celestica surged more than 11% after posting better-than-expected third-quarter results and issuing an upbeat 2027 revenue outlook, recovering from last week’s sharp losses. Agnico Eagle (+0.5%) reports Wednesday, Fairfax (-0.5%) on Thursday, and Imperial Oil (-1%), Cameco (+3%) and National Railway (+0.5%) on Friday.
2026-10-27
TSX Futures Edge Higher Ahead of BoC Meeting
Canadian stock futures edged higher on Tuesday as investors awaited monetary policy decisions from the Bank of Canada and the US Federal Reserve later this week. The BoC meets Wednesday, with markets pricing in a 25-basis-point rate hike, while the Fed is widely expected to hold rates steady. Canadian bond yields fell as the oil rally paused, easing energy-driven inflation concerns and supporting bank stocks. Meanwhile, the US and Canada are reportedly negotiating a deal to ease US tariffs on Canadian steel and autos as both sides seek to repair relations following the breakdown of trade talks in August. Elsewhere, gold prices slipped slightly and silver fell, weighing on mining stocks.
2026-10-27
TSX Rises as Falling Oil Prices Ease Inflation Concerns
The S&P/TSX Composite Index rose 0.4% to close at 36,944 on Monday as retreating oil prices eased energy-driven inflation concerns. Lower crude prices offered some relief amid worries that rising energy costs could fuel inflation and prompt tighter monetary policy. Canada’s 10-year government bond yield also fell. Major banks advanced, with RBC and BMO gaining 0.9% each, TD Bank rising 0.7% and CIBC adding 1.5%. Markets widely expect the Bank of Canada to raise interest rates next week. Meanwhile, higher gold prices supported mining shares, with Agnico Eagle up 1.3% and WPM gaining 1.4% ahead of its earnings report on Wednesday.
2026-10-26