FX.co ★ TSX Futures Hover Flat

Futures for Canada’s S&P/TSX Composite Index held steady on Tuesday, following the previous session’s gains influenced by a rise in gold and oil producer stocks, as well as optimism regarding the conclusion of the U.S. government shutdown. Late Monday, the U.S. Senate passed legislation to end the most prolonged shutdown in history, which had impacted economic activity and postponed data releases, causing concern among Federal Reserve officials. The increase in gold and oil prices bolstered key Canadian producers. Meanwhile, Premium Brands Holdings announced a record-breaking third-quarter revenue of C$2 billion, surpassing estimates of C$1.9 billion, although its adjusted EPS fell short at C$1.27. The company also achieved a record adjusted EBITDA of C$179.1 million, despite ongoing beef cost inflation. Investors are now anticipating earnings releases from CAE, CCL Industries, Dream Unlimited, ECN Capital, and Finning International.