Content and data provided by various third parties and Fidelity - Terms of Use
Print.Print
Small font size A Larger text size A Largest text size A

CANADA STOCKS-TSX futures rise on precious metals rally ahead of Fed, Bank of Canada rate calls

BY Reuters | ECONOMIC | 01/27/26 06:19 AM EST

Jan 27 (Reuters) - Futures linked to Canada's main stock index rose on Tuesday as precious metals extended gains, a day ahead of interest rate calls from the U.S. Federal Reserve and the Bank of Canada.

March futures on Toronto's S&P/TSX ?Composite Index were up 0.44% as of 5:55 a.m. ET.

Toronto's benchmark stock index retreated ?from an intraday record high on Monday, as investors booked profits amid ?surging commodity prices.

Spot silver jumped 8.1% on Tuesday, ?and gold rose 1.4%, ?extending record highs set in the previous session as safe-haven demand persisted amid geopolitical ?concerns.

U.S.-Canada tensions have intensified following ?Canadian Prime Minister Mark Carney's speech in Davos and U.S. President Donald Trump's subsequent threat of a 100% tariff ?on Canada if Ottawa follows through ?on a ?trade deal with China.

Carney said on Monday that a review of the U.S.-Mexico-Canada free trade deal due later this year ?will be robust and described Trump as a tough negotiator.

Oil prices fell after Kazakhstan's energy ministry said production at its biggest oilfield is set to resume, but the decline was limited due to a severe winter storm in the U.S. disrupting crude production.

Bank of Canada ?is ?scheduled to make a decision on interest rates on Wednesday. Economists polled by Reuters expect the central bank to keep rates ?unchanged at 2.25%, but remain divided about the policy outlook.

The Fed will convene its two-day policy meeting on Tuesday, with a decision due Wednesday that is widely expected to keep the rates unchanged.

In corporate news, investment fund La Caisse after the market closed on Monday said it will sell ?a part of its stake in telecom firm Cogeco Communications (CGEAF).

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report

Canadian dollar and bonds report

Reuters global stocks poll for Canada

Canadian ?markets directory

(Reporting by Utkarsh Tushar Hathi in Bengaluru; Editing by Sahal Muhammed)

More Fixed Income News

All Fixed Income News

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

© 1998 – 2014 FMR LLC.

All rights reserved.
fir_news_article