TSX Futures Edge Higher
TSX futures edged higher on Friday as the oil rally stalled, easing concerns over energy-driven inflation and pushing Canadian bond yields lower. Softer-than-expected US payrolls also supported rate-sensitive stocks, amid reduced expectations of a Fed rate hike this month. The US economy added 29,000 jobs in September, well below forecasts of 90,000 and down sharply from 133,000 in August. Elsewhere, gold prices were little changed but remained on track for a second straight weekly decline, keeping pressure on miners. Prime Minister Carney said Canada will fast-track approval of a proposed crude oil export pipeline to the West Coast, a key part of his efforts to diversify the economy away from the US.
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TSX futures edged higher on Friday as the oil rally stalled, easing concerns over energy-driven inflation and pushing Canadian bond yields lower. Softer-than-expected US payrolls also supported rate-sensitive stocks, amid reduced expectations of a Fed rate hike this month. The US economy added 29,000 jobs in September, well below forecasts of 90,000 and down sharply from 133,000 in August. Elsewhere, gold prices were little changed but remained on track for a second straight weekly decline, keeping pressure on miners.
Prime Minister Carney said Canada will fast-track approval of a proposed crude oil export pipeline to the West Coast, a key part of his efforts to diversify the economy away from the US.