TSX futures rise ahead of BoC decision as oil lends support

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TSX futures rise ahead of BoC decision as oil lends support
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Highland Gold Maple making syrup from Cape Breton woods for 25 years | SaltWire #capebreton #maple - Futures for Canada's main stock index edged higher on Wednesday, ahead of the Bank of Canada's next monetary policy decision and a key inflation reading in the United States, while a step-up in oil prices further lifted sentiment.

In the run-up to the decision, the last pivotal dataset showed on Friday that Canadian unemployment was at a 26-month high of 6.1% in March, cementing hopes for a rate cut in June.Across the border, a March reading of the consumer prices index is due in the United States at 8:30 a.m. ET, which will have investors adjusting their bets on when the Federal Reserve could begin easing of borrowing costs this year.

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