TSX futures rise as precious metals surge ahead of central bank decisions and trade tension updates

Canadian stock futures rose Tuesday as precious metals prices surged on safe-haven demand. Markets await rate decisions while trade tensions remain high.

Insights:
March futures on Toronto's S&P/TSX Composite Index were up 0.44% as of 5:55 a.m. ET on January 27, 2026. This upward movement follows a session on January 26, 2026, when the S&P/TSX Composite Indexretreated from an intraday record high as investors booked profits. The current rise is being driven by a surge in commodity prices, particularly in the precious metals sector. Silver Spot jumped 8.1% on January 27, 2026, while Gold Spot rose 1.4%, extending record highs that were set in the previous session.
A screen shows the price of Canada's main stock index, the Toronto Stock Exchange's S&P/TSX composite index, as it rose to a record high in Toronto, Ontario, Canada on January 7, 2021. REUTERS/Chris Helgren
A screen shows the price of Canada's main stock index, the Toronto Stock Exchange's S&P/TSX composite index, as it rose to a record high in Toronto, Ontario, Canada on January 7, 2021. REUTERS/Chris Helgren
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