TSX futures rise as gold lifts mining stocks
Canada’s TSX futures move higher as gold prices advance and support mining stocks, while financials stay under pressure amid elevated bond yields and energy-driven inflation risks.
Futures tracking Canada’s stock market moved higher on Friday as rising gold prices supported mining stocks.
Gold prices advanced as investors turned to safe-haven assets amid heightened volatility across currency and bond markets, while rising oil prices continued to underscore inflation risks.
Financials and the broader market remained under pressure amid elevated bond yields and energy-driven inflation concerns.
Meanwhile, Fairfax Financial, a frontrunner to acquire the Indian government’s stake in IDBI Bank, is set to be given up to two years to consolidate its Indian banking holdings, potentially easing the acquisition process.