TSX Futures Edge Higher as Oil Prices Slide
S&P/TSX futures rose 0.2% on Monday as a sharp decline in oil prices eased inflation concerns, while investors turned their attention to Tuesday’s US midterm elections and their potential implications for fiscal policy. Oil prices tumbled around 4% after Iranian and Qatari officials held a third consecutive day of talks aimed at ending the US-Israeli war on Iran. Gold, meanwhile, rebounded from one-year lows as investors assessed comments from Federal Reserve officials pointing to the possibility of further rate hikes to combat inflation. The gains followed Friday’s sharpest single-day decline in Canada’s benchmark index in nearly six months, led by technology and mining stocks. Investors are also awaiting earnings from Toromont Industries and Topaz Energy. On the trade front, US President Donald Trump said his administration had established a framework for a new trade deal with Canada, while Prime Minister Mark Carney described discussions as constructive.
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S&P/TSX futures rose 0.2% on Monday as a sharp decline in oil prices eased inflation concerns, while investors turned their attention to Tuesday’s US midterm elections and their potential implications for fiscal policy. Oil prices tumbled around 4% after Iranian and Qatari officials held a third consecutive day of talks aimed at ending the US-Israeli war on Iran. Gold, meanwhile, rebounded from one-year lows as investors assessed comments from Federal Reserve officials pointing to the possibility of further rate hikes to combat inflation.
The gains followed Friday’s sharpest single-day decline in Canada’s benchmark index in nearly six months, led by technology and mining stocks. Investors are also awaiting earnings from Toromont Industries and Topaz Energy. On the trade front, US President Donald Trump said his administration had established a framework for a new trade deal with Canada, while Prime Minister Mark Carney described discussions as constructive.