Canadian stock futures advance as gold and oil prices gain ground

TSX futures rose today as gold and oil prices climbed amid geopolitical tensions. Investors are now monitoring earnings from several major Canadian banks.

Insights:
Futures for the S&P/TSX composite index in Canada CACA rose on Wednesday as gains in spot gold and spot silver, coupled with a softer U.S. dollar, supported Canadian equity futures. These moves followed a record-high close for the Toronto benchmark index in the previous session and occurred as oil prices climbed. Both Brent crude and U.S. West Texas Intermediate (WTI) crude saw price increases amid heightened concerns about a potential conflict between the United States USUS and Iran IRIR, a situation that has remained a focus for figures such as Donald Trump.
The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada on January 23, 2019. REUTERS/Chris Helgren
The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada on January 23, 2019. REUTERS/Chris Helgren
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