FX.co ★ TSX Futures Rise as Rate Decisions Lift Sentiment

Futures linked to the S&P/TSX Composite Index experienced an uptick on Friday, positioning the benchmark for a positive weekly outcome as investors digested a series of central bank decisions. Earlier in the week, the Bank of Canada (BoC) maintained interest rates, contrasting with the U.S. Federal Reserve's decision to implement a 25-basis-point rate cut, thereby enhancing overall risk appetite. Concurrently, stronger gold and oil prices bolstered the commodity-rich index. Investor sentiment further improved after data revealed that Canada recorded an international trade surplus in September, breaking a seven-month streak of deficits. This upbeat outlook was already supported by comments from BoC Governor Tiff Macklem, who remarked on Wednesday that the Canadian economy has largely withstood the pressures of extensive U.S. tariffs.