1. TSX Futures Flat Ahead of Trump–Putin Summit
TSX futures are trading cautiously, up just 0.04%. Markets are balancing a stronger-than-expected U.S. inflation report—which dampens hopes for easy Federal Reserve cuts—with anticipation around a high-stakes summit between Trump and Putin. A cooling outlook for Fed easing and the potential for geopolitical fallout are keeping investors on edge.

2. BoC Divided on Rate Cut Prospects
The Bank of Canada’s July minutes reveal a split among policymakers: some argue that the existing 2.75% rate already offers sufficient support, while others see a need for further cuts if economic softness persists. The bank held its rate steady, yet maintained an easing bias—suggesting September could bring movement if conditions deteriorate.

3. Air Canada Cancellations Add Uncertainty
Labor tensions continue to simmer as Air Canada plans preemptive flight cancellations ahead of a possible strike by its flight attendants. With the government urging both sides to resume negotiations, travel disruptions may spill over into broader economic sentiment.