FX.co ★ TSX Futures Rise on Higher Gold Prices

Futures tracking Canada’s main stock index rose on Friday, lifted by gains in mining shares as gold prices climbed. The advance in gold came as investors sought safe-haven assets amid heightened volatility in currency and bond markets, while higher oil prices continued to highlight persistent inflation risks. Financials and the broader market remained under pressure due to elevated bond yields and concerns over energy-driven inflation. Meanwhile, Fairfax Financial, considered a leading contender to purchase the Indian government’s stake in IDBI Bank, is expected to be given up to two years to consolidate its banking interests in India, a move that could smooth the path for the acquisition.