TSX futures steady ahead of expected Fed rate cut

Futures for Canada's main stock index were little changed on Tuesday, supported by higher precious metal prices, as investors remained cautious ahead of the outcome of the two-day U.S. Federal Reserve policy meeting tomorrow.

Futures on the S&P/TSX Composite Index HG1! were flat at 1830.80 points as of 05:33 a.m. ET.

Toronto's main index TSX fell on Monday as investors took profits amid impending borrowing rate decisions from the U.S. and Canadian central banks this week.

The index has jumped about 26% so far in 2025, and is on pace to outperform the major U.S. indexes, fueled by strong rallies in commodity and financial shares, with support from an easing interest rate environment.

Traders widely expect the Fed to deliver a 25-basis-point rate cut when it concludes its meeting on Wednesday, while the Bank of Canada is expected to hold rates steady on the same day.

Gold GOLD gained as markets positioned for the widely expected December rate cut, while silver XAGUSD1! was up over 1%.

In corporate news, Brookfield Corporation BN announced the pricing of C$1 billion of medium-term notes, while Colliers International CIGI announced it had acquired 100% ownership of its business in India.

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report

Canadian dollar and bonds report

Reuters global stocks poll for Canada (EQUITYPOLL1), (EPOLL/CA)

Canadian markets directory (CANADA)