Canada's main stock index futures climbed Wednesday, tracking gains in energy and precious metals prices. S&P/TSX 60 futures jumped 0.3% by 07:20 ET, reversing Tuesday's 0.5% decline in the S&P/TSX composite index to 32,896.55. The pullback came amid volatility in oil prices and retreat in crude markets, though industrials and consumer discretionary sectors finished higher.

The Canadian market found support from data showing inflation slowed to 2.3% in January, bolstering expectations that the Bank of Canada will cut interest rates in 2026. Meanwhile, U.S. stock futures also traded higher ahead of the Federal Reserve minutes release and more quarterly earnings. At 07:34 ET, Dow Jones Futures gained 56 points, S&P 500 Futures advanced 18 points, and Nasdaq 100 Futures rose 91 points.

Wall Street's focus remains on the Fed minutes for clues about future interest rates, especially after two governors dissented from January's decision to hold rates steady. The minutes, due later Wednesday, follow data showing industrial production for January and December's PCE price index on Friday. The PCE print, the Fed's preferred inflation gauge, will factor into the central bank's long-term interest rate outlook amid uncertainty that has weighed on markets in recent weeks.