TSX Futures Rise as Yields Stabilize
Futures tied to Canada's stock market rose on Tuesday as bond yields stabilized and gold prices edged higher. Oil prices fell, on track for their first decline in nearly a week amid higher Russian diesel exports. Easing concerns over energy-driven inflation helped halt the rally in borrowing costs, supporting credit-sensitive sectors such as banking. Gold prices edged higher, providing some support to major Canadian miners. Elsewhere, CSG announced that it had acquired a 9.5% stake in MDA Space, becoming the company's largest shareholder.
Futures tied to Canada's stock market rose on Tuesday as bond yields stabilized and gold prices edged higher. Oil prices fell, on track for their first decline in nearly a week amid higher Russian diesel exports. Easing concerns over energy-driven inflation helped halt the rally in borrowing costs, supporting credit-sensitive sectors such as banking. Gold prices edged higher, providing some support to major Canadian miners.
5% stake in MDA Space, becoming the company's largest shareholder.