FX.co ★ TSX Futures Rise as Yields Stabilize

Futures linked to Canada's main stock index rose on Tuesday as bond yields steadied and gold prices inched higher. Oil prices retreated, heading for their first decline in nearly a week amid increased Russian diesel exports. Receding worries about energy-driven inflation helped pause the climb in borrowing costs, lending support to credit-sensitive sectors such as banks. Firming gold prices also underpinned major Canadian miners. In corporate news, CSG disclosed that it has acquired a 9.5% stake in MDA Space, making it the company’s largest shareholder.