CANADA STOCKS-TSX futures climb, extending gains after US midterms

By Reuters News11:14 (UTC), 5 November 2026 Updated

Nov 5 (Reuters) - Futures tracking Canada's blue-chip stocks rose on Thursday, extending the previous session's gains after Democrats won control of Congress in the US midterms, while investors awaited Canada's employment report due on Friday.

December futures on the S&P/TSX index were up 0.2% at 5:59 a.m. ET (1059 GMT).

Brent crude rose 1.5%, but remained below the psychologically important $100-a-barrel mark as investors weighed the future course of the Middle East war after President Donald Trump's Republican Party suffered heavy losses in midterm elections O/R
Democrats' election win gives them a bigger platform to challenge Trump's trade policies, but experts say they still lack enough votes to override his veto on efforts to overturn tariffs or rescind trade authorities
Meanwhile, spot gold extended gains to a more than two-week high, as the US dollar and Treasury yields softened, with oil's recent weakness easing inflationary concerns GOL/
Canada's main stock index rallied by the most in seven months on Wednesday, led by financial and metal mining shares after the US midterm election results
Markets are now looking ahead to Friday's Canadian jobs report, with a Reuters poll forecasting 13,600 new jobs and a steady unemployment rate of 6.5%
Among company news, Canadian Natural Resources CNQ.TO beat analysts' estimate for third-quarter profit, helped by higher crude prices and stronger production
Fertilizer producer Nutrien NTR.TO missed third-quarter profit estimates due to surging sulfur input costs in its phosphate segment and lower nitrogen sales volumes