FX.co ★ TSX Futures Steady as Oil Stabilizes

Futures linked to Canadian equities were little changed on Tuesday, pausing after the previous session’s record close as energy prices failed to extend their rebound. Crude oil hovered near flat after a spokesperson for Qatar’s foreign ministry said talks between Oman and Iran were at an advanced stage, raising hopes for progress toward an agreement. Attention is now shifting to Wednesday’s release of the US July consumer price index, which is expected to offer fresh signals on the Federal Reserve’s policy path. Domestically, the risk of a more hawkish Bank of Canada stance persisted following last week’s strong labor market data. In corporate news, Franco-Nevada was in focus among miners ahead of its post-market earnings release, while investors continued to assess Barrick Gold’s results from Monday.