TSX futures muted ahead of BoC decision, commodities limit declines

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TSX futures muted ahead of BoC decision, commodities limit declines
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First-ever speedcubing competition in P.E.I. draws large crowd | SaltWire #rubikscube #charlottetown - Futures for Canada's main stock index were muted on Tuesday as investors remained cautious ahead of the Bank of Canada's next interest rate decision later in the week while climbing commodity prices kept declines in check.

The Bank of Canada is set to announce its next monetary policy decision on Wednesday, where the central bank is widely expected to leave interest rates unchanged, in its third meeting this year.The last crucial data before the decision showed on Friday that Canada's economy had shed a net 2,200 jobs in March, while the unemployment rate increased to a 26-month high of 6.1%, solidifying bets of a June cut.

Gold prices hit a record high for an eighth consecutive session with support from momentum-following funds and inflated geopolitical tensions, while Shanghai copper hit a record high.

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