Futures linked to Canada's main stock index inched up on Wednesday as gold prices notched a fresh high, while investors awaited interest rate decisions from the U.S. Federal Reserve and the Bank of Canada later in the day.
The TSX index poked 3.08 points to adjourn Tuesday at 33,096.40.
March futures moved higher 0.2% Wednesday.
The Canadian dollar advanced 0.17 cents to 73.74 cents U.S.
In this country, railway operator Canadian Pacific Kansas City, electronic manufacturing services firm Celestica and tech consulting firm CGI are scheduled to report earnings later in the day.
The Bank of Canada publishes its rate decision this morning (about 10 a.m. EST). Odds are, the central bank will leave rates unchanged.
ON BAYSTREET
The TSX Venture Exchange inched into positive country 1.8 points Tuesday to 1,142.12.
ON WALLSTREET
S&P 500 futures rose Wednesday ahead of the Federal Reserve’s interest rate decision and earnings reports from major tech companies.
Futures for the Dow Jones Industrials slid 24 points, or 0.1%, to 49,130.
Futures for the broader index acquired 16.25 points, or 0.2%, at 7,024.75.
Futures for the NASDAQ popped 204.25 points, or 0.8%, to 26,277.75.
U.S.-listed shares of ASML jumped more than 6% after the semiconductor equipment giant reported record orders and issued strong 2026 guidance due to the artificial intelligence boom. Nvidia rose 1.8% and AMD jumped 2.4%.
Earnings from a slate of major technology companies are on deck. Microsoft, Meta Platforms and Tesla are set to post their quarterly financial results Wednesday after the closing bell. Apple will post its results on Thursday.
The central bank is widely expected to keep its benchmark interest rate steady at a target range of 3.5% to 3.75%, but traders will be seeking hints on longer-term changes to monetary policy. Fed funds futures trading suggests two quarter percentage point cuts by the end of 2026,
Markets in Japan edged up 0.1% Wednesday, while the Hang Seng in Hong Kong galloped 2.6%.
Oil prices inched up 40 cents to $62.81 U.S. a barrel.
Gold prices climbed $177.40 at $5,260 U.S. per ounce.
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