TSX Futures Slip on Middle East Risks and US Inflation Data

TSX futures fell as investors weighed Middle East risks and awaited US inflation data. Oil prices rose amid reports of a potential crude reserve release.

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Futures for the primary stock index in Canada edged lower on Wednesday as investors balanced geopolitical instability in the Middle East with anticipation of critical economic data from the United States. By early morning, March futures for the S&P/TSX composite index had dropped 0.21%, reflecting a cautious mood that also pressured major Wall Street indices.

The historic Art Deco exterior of the Toronto Stock Exchange building located on Bay Street in Toronto, Ontario, captured in January 2019. REUTERS/Chris Helgren
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