TSX futures edge lower ahead of US inflation data
Futures tracking Canada's main stock index edged lower on Friday, as investors awaited U.S. January inflation data for cues on the Federal Reserve's policy path.
March futures on S&P/TSX composite index were down 0.07% as of 5:48 a.m. ET.
Toronto's benchmark index had slumped more than 2% on Thursday, mirroring moves on Wall Street as AI disruption worries and the potential for fewer Fed rate cuts after Wednesday's stronger jobs data dampened sentiment.
The U.S. consumer price data for January is due at 8:30 a.m. ET on Friday. A Reuters survey of economists expects a 0.3% rise in prices for the month.
Spot gold recovered from nearly a one-week low in the previous session, gaining 1%, while silver climbed 4%. Both metals looked set for a modest weekly gain. [GOL/]
Oil prices also firmed after slipping earlier in the day, after U.S. media outlets reported late on Thursday that Washington is sending a second aircraft carrier to the Middle East amid tensions with Iran.
Brent crude futures and U.S. West Texas Intermediate crude were up 0.25% each, on track for a second straight week of declines.
In aftermarket results, miner Agnico Eagle reported quarterly profit above estimates on higher gold prices. Air Canada forecast 2026 core profit marginally above estimates.
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