FX.co ★ Canadian Futures Edge Lower

Futures linked to the S&P/TSX Composite Index experienced a slight decline from their previous all-time high of 33,040. This movement mirrors a broader retreat in Canadian assets as concerns about rising inflation and a global shift away from risk assets surfaced. Recent data indicates that annual inflation unexpectedly increased in December, raising the prospect of renewed price growth risks, although core metrics monitored by the Bank of Canada showed a surprisingly lower trend. Bank futures faced pressure before trading commenced, due to anticipated higher credit costs for households that are already dealing with delinquency issues. Meanwhile, mining companies saw gains from rising bullion prices, following US President Trump's threat to impose tariffs on certain European countries unless a deal is struck with Denmark to acquire Greenland.