India, Jan. 29 -- The Bank of Canada's interest rate decision and the Federal Reserve's rate call and the central bank's accompanying statement are set to make a significant impact on Bay Street on Wednesday.
Earnings updates from big name U.S. companies Meta, Microsoft and Tesla are also likely to provide some direction.
The start may be somewhat muted with commodities a bit subdued, and European stocks trading broadly higher.
The Canadian central bank is widely expected to cut its key policy rate by 25 basis points. The bank's updated Monetary Policy Report is also due this morning.
The BoC cut its key interest rate by 50 basis points for a second consecutive decision in its December meeting, marking cumulative rate cuts to the tune o...