FX.co ★ TSX Futures Steady Ahead of Bank Earnings

Futures for the S&P/TSX Composite Index remained stable on Tuesday as investors anticipated a significant week for bank earnings reports. The Bank of Nova Scotia reported fourth-quarter profits that surpassed expectations, driven by robust performance in capital markets and increased fees from wealth management. Later this week, earnings announcements are also expected from National Bank, RBC, BMO, CIBC, and TD Bank. Additionally, traders have priced in an 87.2% likelihood of a Federal Reserve interest rate cut in December. On another front, gold prices declined as investors capitalized on recent gains after reaching six-week highs. This was accompanied by a drop in oil prices linked to geopolitical tensions, impacting the commodity-focused index. Furthermore, Sun Life Financial announced plans to issue $1 billion in debentures.