TSX Futures Rise Ahead of Bank of Canada Rate Decision

By EC Assets · Published 31 August 2026

TSX futures advanced as investors prepared for the Bank of Canada's upcoming rate decision. This movement occurs after Canada's main stock index recently retreated from a record high. That decline was influenced by falling metal mining shares and an escalation in trade tensions. The TSX pulled back on Wednesday. Metal mining shares gave back some of their recent gains. Increased trade tensions could harm prospects for the domestic economy. In related developments, CIBC CAPITAL MARKETS downgraded its outlooks for two major Canadian banks. On April 6, 2025, CIBC CAPITAL MARKETS downgraded National Bank of Canada (TSX:NA) from Neutral to Underperform. On the same date, CIBC CAPITAL MARKETS also downgraded Bank of Montreal (TSX:BMO) from Outperform to Neutral. Broader market sentiment shows investors continue to consider the likelihood of interest rate adjustments. U.S. stock-index futures declined on Sunday. Investors pondered the possibility of a fresh interest-rate hike. New fighting between the U.S. and Iran also threatened to reignite conflict. Elsewhere, Europe's central bankers fear more turbulence in U.S. relations. Investors have been heartened by Warsh's inflation talk, but they remain uncertain about Federal Reserve actions. The Bank of Canada's rate decision is the key event for investors to monitor. This article is intended for informational purposes only. It does not constitute investment advice.