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2026.03.1813:00:47UTC+00TSX Futures Dip as Oil Surge Revives Inflation Fears

Futures tied to the S&P/TSX Composite Index declined on Wednesday as rising oil prices rekindled global inflation concerns, with investors awaiting interest rate decisions from the US Federal Reserve and the Bank of Canada. Ongoing tensions in the Middle East continue to strain global supply, pushing bond yields higher and dampening credit demand, which is adding pressure on major Canadian banks. Conversely, the increase in oil prices is supporting energy stocks, while weaker gold prices are weighing on mining shares. Markets will also focus closely on policymakers’ guidance regarding the future path of monetary policy, with both central banks widely expected to leave interest rates unchanged.

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