CANADA STOCKS-TSX futures tick up after US data signals economic resilience
BY Reuters | ECONOMIC | 02/12/26 06:20 AM ESTFeb 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
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.
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; ?Editing by Shreya Biswas)
Print
