Bay Street May Open With Slightly Negative Bias; BoC Rate Decision In Focus

Canadian markets are expected to open slightly lower Wednesday, pressured by weak precious metals prices. The key catalyst is the Bank of Canada interest rate decision, which is likely to drive near-term repricing across Canadian rates and equity risk sentiment.

Analysis

Canadian markets are expected to open slightly lower Wednesday, pressured by weak precious metals prices. The key catalyst is the Bank of Canada interest rate decision, which is likely to drive near-term repricing across Canadian rates and equity risk sentiment.