TSX futures edge higher ahead of jobs data as gold prices rise, oil eases

Kitco Media
By Reuters
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Reuters
TSX futures edge higher ahead of jobs data as gold prices rise, oil eases teaser image

Oct 9 (Reuters) - Futures tracking Canada's blue-chip stock index rose on Friday, as oil prices eased on hopes of a lull in ​the Middle East war and precious metal prices increased, ‌while investors also awaited Canada's jobs report due later in the day.

December futures on the S&P/TSX index were up 0.31% at 5:45 a.m. ET (0945 ​GMT).

Oil prices fell after US President Donald Trump said his ​country would not attack Iran before US elections next ⁠month, amid "productive" talks to end the war that has ​disrupted global energy markets

While higher oil prices have helped energy companies ​on the main Canadian index, they have also fueled inflation concerns and pushed up global bond yields

The TSX energy sector (.SPTTEN), has gained more than ​51% so far in 2026, outperforming the broader index's 10.9% ​advance

Gold rose more than 1% helped by a softer US dollar, boosting sentiment ‌in ⁠the resource-heavy Canadian stock exchange
Canada's main stock index (.GSPTSE), had rebounded on Thursday from a multi-month closing low, driven by higher oil prices that boosted energy stocks and offset weakness in other ​sectors

Despite the gains, ​the TSX ⁠remained on track for a third straight weekly decline as elevated bond yields pressured risk appetite

Investors ​also await Canada's September employment report due later ​in the ⁠day, which is expected to show the economy added jobs last month

In corporate updates, apparel retailer Aritzia (ATZ.TO), topped analyst expectations for ⁠second-quarter ​revenue and profit

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Reporting by Avinash P in Bengaluru; Editing by Jonathan Ananda

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