CANADA STOCKS-TSX futures tick up after US data signals economic resilience

BY Reuters | ECONOMIC | 02/12/26 06:20 AM EST

Feb 12 (Reuters) - Futures tracking Canada's main stock index rose on Thursday, mirroring moves on Wall Street, after unexpectedly strong U.S. jobs data signaled a stable labor market.

March futures on the S&P/TSX ?composite index were up 0.28%, as of 5:48 ?a.m. ET, tracking a similar-sized move in U.S. stock future indexes.

U.S. employers added more ?jobs in January than widely expected, signaling a steady labor market, ?which dented hopes for more interest-rate cuts from the ?Fed in ?the near term.

Investors will also keep an eye on the inflation data from the U.S. ?due on Friday.

Toronto's resources-heavy benchmark ?index ended 0.01% lower on Wednesday, pulling back from an intra-day record high, as weakness in tech stocks offset ?gains in commodity-linked stocks.

On Thursday, spot ?gold declined ?0.34%, and silver 0.7%. A firmer dollar also pressured the prices of precious metals.

Lower interest rates reduce the opportunity cost of ?holding non-yielding gold.

Meanwhile, oil prices eased after early gains in the day ?as traders assessed the supply outlook amid lingering fears of a U.S. attack on Iran, and rising crude inventories in U.S.

U.S. President Donald Trump said after talks with Israeli Prime Minister Benjamin Netanyahu on ?Wednesday ?that they had yet to reach a definitive agreement ?on how to move forward with Iran but that negotiations with ?Tehran would continue.

In aftermarket earnings on Wednesday, Canada's Manulife Financial (MFC) reported a lower fourth-quarter profit, while its peer Sun Life reported a jump in profit for the same quarter.

The U.S. House of Representatives on Wednesday narrowly backed a measure disapproving of Trump's tariffs on Canada, although it is unlikely to garner ?enough support in Congress to overcome an expected Trump veto.

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(Reporting by Utkarsh Tushar Hathi; ?Editing by Shreya Biswas)

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.

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