FX.co ★ TSX Futures Edge Up Amid Earnings Focus

Futures tied to the S&P/TSX Composite Index inched higher on Thursday as investors turned their attention to corporate earnings. Manulife Financial reported a decline in fourth-quarter profit, while Sun Life delivered stronger results, offering mixed signals from the insurance sector. Shopify gained support after receiving two rating upgrades, with TD Cowen and Mizuho pointing to stronger fundamentals, improving growth drivers, and a more attractive valuation backdrop. The move came on the heels of a mixed-to-lower finish for both the TSX and major U.S. indexes, following robust U.S. employment data. Solid hiring underscored the resilience of the labor market but dampened expectations for imminent Federal Reserve rate cuts. Meanwhile, mining and energy stocks remained under pressure amid weaker commodity prices.