TSX Futures Rise on Metals Rebound

Canadian stock futures edged higher as a rebound in precious metals and easing Treasury yields helped offset ongoing pressure from a global tech selloff. Investors await upcoming US producer price data and Canadian factory sales figures.

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The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. REUTERS/Chris Helgren

Canada stock index futures rose 0.2% on Thursday morning as a rebound in precious metals offset a global tech selloff. The recovery follows the materials sector's sharpest one-day drop in nearly four months on Wednesday. Markets face ongoing pressure from high borrowing costs and shifting rate expectations in the United States.

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