CANADA STOCKS-TSX futures rebound as commodity prices jump

Reuters
2025/12/17
CANADA STOCKS-TSX futures rebound as commodity prices jump

Dec 16 (Reuters) - Futures tracking Canada's main stock index rose on Wednesday, lifted by rising commodity prices, including a 2% jump in oil prices.

Futures on the S&P/TSX Composite index SXFcv1 were up 0.3% as of 06:21 a.m. ET.

Miners will be in focus after silver prices XAG= surged past $65 an ounce to record highs and gold XAU= advanced after softer-than-expected U.S. jobs data signaled a cooling labor market, fueling bets of more interest rate cuts next year.

Oil LCOc1, CLc1 rose more than 2.2% after U.S. President Donald Trump ordered a complete blockade of all sanctioned oil tankers entering and leaving Venezuela. O/R

The S&P/TSX Composite index .GSPTSE fell for a third straight session on Tuesday, as energy stocks slid following a drop in oil prices, prompting investors to lock in profits toward the end of a strong year for domestic stocks.

The TSX has climbed about 26% this year, putting it on track for its biggest advance since 2009.

Investors were looking for fresh catalysts to help sustain the momentum, including October retail sales data on Friday.

U.S.-listed shares of Canadian cannabis companies Canopy Growth WEED.TO and Tilray Brands TLRY.TO rose in premarket trading on Wednesday after a report said Trump was expected to sign an executive order to fast-track reclassification of the drug.

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report .TO

Canadian dollar and bonds report CAD/ CA/

Reuters global stocks poll for Canada EQUITYPOLL1, EPOLL/CA

Canadian markets directory CANADA

(Reporting by Avinash P in Bengaluru; Editing by Sahal Muhammed)

((Avinash.P@thomsonreuters))

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