FX.co ★ TSX Futures Rise

Canada's primary stock index futures sustained their upward momentum on Monday, buoyed by inflation figures that fell marginally short of projections. The nation's annual inflation rate maintained a steady 2.2% in November, unchanged from the previous month and slightly below the anticipated 2.3%. This development bolsters the belief that the Bank of Canada will likely maintain its current interest rates for the foreseeable future. Concurrently, gold prices surged towards near-record highs, providing a boost to Canadian mining equities. However, a dip in oil prices exerted downward pressure on domestic energy stocks.