FX.co ★ Canada Futures Extend Record

Futures linked to the S&P/TSX Composite Index saw an uptick on Thursday, positioning the benchmark to build on Wednesday's record high. This movement comes as investors analyzed earnings from the tech sector alongside central bank interest rate decisions. As anticipated, the Bank of Canada maintained its policy interest rate at 2.25%, reaffirming that the current financial conditions remain suitable. It projects consistent growth with inflation hovering around 2%, although it highlighted considerable uncertainty due to potential US tariff implications. A diverse array of earnings reports from leading technology companies, coupled with the US Federal Reserve's decision to hold interest rates steady, contributed positively to market sentiment. Notably, robust performance from Meta bolstered North American tech equities, notably Shopify. Additionally, mining stocks gained traction with gold prices reaching an unprecedented close to $5,600 per ounce, climbing further on speculation that President Trump might contemplate a new offensive against Iran. Concurrently, oil prices rose amid escalating concerns about possible supply disruptions stemming from Iran, providing a boost to energy stocks.