TSX Futures Edge Higher Before Key Rate Decisions

Futures tied to the S&P/TSX Composite Index inched up on Tuesday, supported by higher precious metal prices as investors stayed cautious ahead of Wednesday’s BoC and Fed decisions.

Gold rose as markets positioned for a widely expected Fed rate cut, boosting sentiment for Canadian miners, while oil edged lower and weighed on energy producers.

Traders broadly expect the Fed to deliver a 25 bp cut and the Bank of Canada to hold rates steady.

In corporate news, Brookfield Corporation priced C$1 billion in medium-term notes, and Colliers International announced it acquired full ownership of its India business.