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TSX futures as U.S. data slips, Bank of Canada rate decision in focus

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(Reuters) – Canada’s main stock index futures traded on Tuesday They edged lower as investors stayed on the sidelines, awaiting key U.S. business activity data to gauge the impact of the Federal Reserve’s aggressive monetary policy on the world’s largest economy.

S&P/TSX futures fell 0.3% to

is EST (’ , reflecting declines in US counterparts.

Investors will focus on on US business activity data Eastern Time.

Meanwhile, with another Bank of Canada (BoC) rate hike looming, traders are leaning towards – Basis – hike on Wednesday.

The Bank of China has fully raised the overnight lending rate

, and the current exchange rate has exceeded

year high.

In its December decision, the central bank had signaled that its unprecedented tightening campaign was coming to an end.

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