FX.co ★ TSX Futures Edge Lower After CPI

Futures tied to the Toronto Stock Exchange slipped on Monday following the release of CPI data. Canada’s annual inflation rate held steady at 3.0% in August, matching market expectations. Price gains continued to be driven primarily by energy products, as the conflict in the Middle East disrupted a key source of global oil supply. Core inflation measures monitored by the Bank of Canada remained close to the central bank’s target. In the U.S., major bank stocks traded lower in the pre-market, weighed down by rising oil prices and expectations of a Federal Reserve rate hike on Wednesday. Gold prices declined, adding pressure to mining shares.