TSX today: what to watch on Tuesday, Oct. 27

Canadian stock futures edged higher Tuesday morning as investors waited for Wednesday’s Bank of Canada interest rate decision, with markets pricing in a quarter-point hike from 2.25 per cent, Trading Economics reported. The S&P/TSX composite index closed Monday at 35,944.16, up 155.98 points.

The central bank announces its decision and releases its Monetary Policy Report on Oct. 28, according to the Bank of Canada’s published schedule. The Canadian Press reported Monday that the bank is now expected to raise its key rate as it faces what it called a “pivotal decision.” Trading Economics said the U.S. Federal Reserve is widely expected to hold rates steady at its own meeting this week.

Inflation was 3.1 per cent in September, up from 3.0 per cent in August, and the unemployment rate rose to 6.5 per cent from 6.4 per cent, Trading Economics data show. The site said Canadian bond yields fell Tuesday as the oil rally paused, which eased energy-driven inflation concerns and supported bank stocks.

The Toronto Stock Exchange’s own figures show the TSX composite opened Monday at 35,827.94, reached a high of 36,076.75 and a low of 35,827.94 before closing at 35,944.16, according to TMX Money. The index is up 13.343 per cent so far this year, TMX Money said, and about 2 per cent for the month of October. Our Monday close report has the sector detail.

Crude oil fell toward US$100 a barrel Tuesday after a 1.5 per cent loss Monday as diplomatic efforts raised hopes of ending the U.S.-Iran war, Trading Economics reported. West Texas Intermediate traded at US$101.13, down 0.62 per cent, and Brent at US$114.99, down 0.71 per cent, as of about 8:50 a.m. ET. Iran’s supreme leader called for an end to the current state of “neither war nor peace,” the site said. Oil prices were also a theme in our earlier look at crude near US$100.

The Canadian dollar traded at 1.4022 per U.S. dollar, near a more than one-month high, Trading Economics said. Gold slipped slightly and silver fell, which the site said weighed on mining stocks.

Overseas, in early European trading Tuesday, Germany’s DAX slipped 0.1 per cent to 25,373.71, the CAC 40 in Paris dropped 0.3 per cent to 7,824.83 and Britain’s FTSE 100 fell one per cent to 10,664.58, The Associated Press reported.

On the trade front, Trading Economics said the United States and Canada are reportedly negotiating a deal to ease U.S. tariffs on Canadian steel and autos, as both sides try to repair relations after trade talks broke down in August.

On the corporate side, The Canadian Press reported that BCE Inc. (TSX:BCE) is selling a 49.9 per cent stake in a new wireless tower company to La Caisse for $2.45 billion. Other business headlines from The Canadian Press included Umios agreeing to buy High Liner Foods Inc. (TSX:HLF) in a deal valued at $804 million, Ovintiv Inc. (TSX:OVV) adding to its Canadian footprint with a deal for Logan Energy, and CAE Inc. (TSX:CAE) agreeing to sell its Flightscape aviation operations software business.

For context on market hours, see our guide to TSX holidays in 2026. The market opens at 9:30 a.m. ET.

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This article is for information only and is not investment advice. Speak to a licensed adviser before making investment decisions.