Canadian and U.S. futures point to a flat start on Bay Street Wednesday morning, ahead of interest rate decisions from the Bank of Canada and the Federal Reserve.
While the Canadian Central Bank is scheduled to announce its monetary policy at 9.45 AM ET, the Fed's decision is due at 2 PM ET. Today's meeting may be the final one for Jerome Powell as Fed Chair as his term ends on May 15. Kevin Warsh is expected to take over as Fed Chair next month.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.