Futures tied to Canada's main stock index rose on Wednesday in the run-up to the Bank of Canada's interest rate decision later in the day, which is expected to result in a quarter-point cut.

The fears of the US economic slowdown and persistent selloff on Wall Street weigh on the US Dollar.

Canada's main stock index rose Wednesday while U.S. markets were mixed, after 25 per cent tariffs on U.S. imports of steel and aluminum officially kicked in and the Bank of Canada cut its key lending rate by a quarter-point to 2.

Another 25 basis point cut is on the board and investors are watching closely to see if the rate cut will give some breathing room to the economic uncertainties. Market Numbers: (Futures) TSX : Up (0.