TSX Futures Slip on Higher Yields
Futures tracking Canada’s stock market edged lower on Tuesday amid surging oil prices and rising bond yields. Domestic 10-year sovereign yields approached the 4% threshold, not far from their highest since 2007. The prospect of higher interest rates is expected to pressure credit-sensitive stocks. Meanwhile, gold prices fell, weighing on mining shares. Elsewhere, Canadian Prime Minister Mark Carney is welcoming dozens of global investors to Toronto this week in an effort to attract investment in projects seen as key to supporting Canada’s economy amid the trade war with the US.
Futures tracking Canada’s stock market edged lower on Tuesday amid surging oil prices and rising bond yields. Domestic 10-year sovereign yields approached the 4% threshold, not far from their highest since 2007. The prospect of higher interest rates is expected to pressure credit-sensitive stocks. Meanwhile, gold prices fell, weighing on mining shares.
Elsewhere, Canadian Prime Minister Mark Carney is welcoming dozens of global investors to Toronto this week in an effort to attract investment in projects seen as key to supporting Canada’s economy amid the trade war with the US.