TSX Futures Little Changed as Oil and Gold Prices Fall
Canadian equity futures were little changed on Tuesday as falling oil prices eased inflation concerns, while a decline in gold weighed on mining stocks. Crude extended its losses as investors increasingly anticipated a diplomatic resolution to the Middle East conflict. Lower energy prices provided some relief to credit-sensitive sectors, including banks. Meanwhile, gold fell ahead of a key US inflation report that could shape expectations for Federal Reserve policy, pressuring miners. On the earnings front, iA Financial reported a 16% annual increase in EPS, beating estimates, and raised its quarterly common dividend by 7% to $1.18 per share. Conversely, Hydro One missed EPS expectations. Equinox Gold posted slightly better-than-expected revenue, but adjusted EPS fell short. Endeavour Silver reported a 29% annual increase in quarterly revenue but narrowed its full-year gold production guidance. CCL Industries is scheduled to report after the market close.
Canadian equity futures were little changed on Tuesday as falling oil prices eased inflation concerns, while a decline in gold weighed on mining stocks. Crude extended its losses as investors increasingly anticipated a diplomatic resolution to the Middle East conflict. Lower energy prices provided some relief to credit-sensitive sectors, including banks. Meanwhile, gold fell ahead of a key US inflation report that could shape expectations for Federal Reserve policy, pressuring miners.
On the earnings front, iA Financial reported a 16% annual increase in EPS, beating estimates, and raised its quarterly common dividend by 7% to $1.18 per share. Conversely, Hydro One missed EPS expectations. Equinox Gold posted slightly better-than-expected revenue, but adjusted EPS fell short. Endeavour Silver reported a 29% annual increase in quarterly revenue but narrowed its full-year gold production guidance.
CCL Industries is scheduled to report after the market close.