Canadian stock futures edge higher ahead of Bank of Canada rate decision

  • Canadian stock futures edged higher ahead of the Bank of Canada’s interest-rate decision.
  • The Bank of Canada is widely expected to keep its key rate at 2.25%.
  • Employment reports from Canada and the United States are due later this week.

Canadian stock futures edged higher Wednesday before the Bank of Canada’s interest-rate decision, with policymakers’ comments likely to shape expectations for the path ahead. The central bank is widely expected to hold its key interest rate at 2.25% this meeting. Canadian bond yields eased slightly after a global selloff in the previous session, when elevated oil prices and concerns about government debt in the United States and other major economies pushed global yields to multi-month highs. Employment reports from Canada and the United States due later this week could further influence expectations for monetary policy.

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Canadian stock futures edge higher ahead of Bank of Canada rate decision - CoinPost Terminal