FX.co ★ TSX Futures Gain Ahead of Data-Filled Week

On Monday, futures for Canada’s S&P/TSX Composite Index experienced an uptick, primarily driven by gold miners in anticipation of significant earnings reports from major commodity companies. Franco Nevada emerged as a focal point among miners, set to release an important report today. Conversely, oil producers faced downward pressure as traders deliberated over the possibility of increased OPEC+ output in December and indicators of waning global demand. Canadian Natural is on the agenda to disclose its results today, with expectations indicating a rise in revenues but a reduction in earnings. Gibson Energy is also anticipated to announce its results, with projections suggesting a decline in both revenues and earnings. Investors are keenly awaiting Canada’s manufacturing PMI for October, due to be released later today, alongside crucial employment data expected later in the week. Additionally, on Tuesday, results are scheduled from Shopify, Fortis, Industrial Alliance, and Intact. Concurrently, the markets are monitoring US-Canada tensions following Prime Minister Mark Carney’s apology to US President Donald Trump concerning a political advertisement that resulted in new tariffs and a brief suspension of trade discussions.