July 30 (Reuters) - Futures tied to Canada's main stock index nudged higher on Wednesday ahead of the Bank of Canada's policy decision, while investors awaited trade updates as the August 1 tariff deadline drew closer.
Futures on the S&P/TSX index were up 0.2% at 1,639.80 points by 06:05 a.m. ET (1005 GMT). The benchmark index rose to a record high on Tuesday.
The BoC is expected to hold the rates at 2.75% for a third time, reflecting a softer-than-expected impact on the Canadian economy from the trade war with the U.S., economists predict.
The U.S. Federal Reserve's rate decision, due later on Wednesday, will also be in focus.
The deadline for Canada to reach a trade deal with the U.S. to avoid facing a 35% tariff on its goods imported to the south of the border is set for August 1.
U.S. ambassador to Canada Pete Hoekstra said on Tuesday he hoped the trade deal would be reached "very soon".
Meanwhile, two days of U.S.-China talks ended with both sides agreeing to seek an extension of their tariff truce, set to expire August 12.
U.S. officials said it would be up to President Donald Trump to approve the plan.
In commodities, gold prices inched up, while oil and copper prices edged lower on Wednesday.
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report
Canadian dollar and bonds report CA/
Reuters global stocks poll for Canada ,
Canadian markets directory
Reporting by Sanchayaita Roy in Bengaluru; Editing by Shreya Biswas
