FX.co ★ TSX Futures Rise as Oil and Gold Rebound

Futures tracking Canada’s main stock index pointed higher on Wednesday, lifted by a renewed rise in oil prices that bolstered energy and mining shares, helping to counter the drag from flat gold prices. Investors are also positioning ahead of next week’s Bank of Canada monetary policy decision, with markets increasingly pricing in a rate hike, while the federal budget is set to be delivered on November 5. In parallel, Canada and Turkey are expected to sign a joint declaration during Prime Minister Mark Carney’s visit later this week, aimed at deepening bilateral cooperation in four key areas, including defence and energy.