Markets

Futures Suggest Higher Start for TSX Ahead of BoC Rate Announcement

Stock futures for the March quarter on the S&P TSX index indicate a strong start for Canada's benchmark index on Wednesday, given rising gold and crude oil prices .

March futures on the S&P TSX index rose 0.28% at 8.49am ET but were down 0.41% at 7.51am ET.

Investors are on the lookout for Bank of Canada's rate decision at 10am ET, although both RBC (RY.TO) and BMO (BMO.TO) are expecting the bank to remain dovish and unlikely to cut key rates, considering record levels of household debt.

The TSX finished a volatile session on Tuesday 4 points lower, still on falling oil prices.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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