Futures tied to Canada’s S&P/TSX Composite Index traded higher on Wednesday, lifted by gains in gold and oil prices ahead of key US employment data that could influence expectations for the Federal Reserve’s interest-rate outlook. Gold advanced more than 1% as the US dollar slipped to a near two-week low, boosting mining shares. Oil rose over 1% amid persistent US-Iran tensions, supporting energy stocks.
In after-hours earnings, Intact Financial reported a 12% increase in fourth-quarter net operating income, supported by strong underwriting results. Toromont posted revenue above analysts’ estimates, while First Quantum also exceeded fourth-quarter sales forecasts. Investors now turn to January US jobs data for further guidance on monetary policy.
