CANADA STOCKS-TSX futures edge higher as oil gains offset weakness in gold

By Reuters News10:01 (UTC), 21 October 2026 Updated

Oct 21 (Reuters) - Futures tracking Canada's blue-chip stocks edged higher on Wednesday as higher oil prices improved prospects for energy stocks, offsetting the impact of lower gold prices on mining stocks.

December futures on the S&P/TSX index inched up 0.18% at 05:48 a.m. ET (09:48 GMT).

Brent crude prices rose 1.1% as supply disruption fears from Middle East persisted with no resolution in sight for the US-Iran conflict
Iran's President Masoud Pezeshkian discussed mediation efforts during a meeting with Pakistan's army chief Field Marshal Asim Munir in Tehran, Iran's Nournews reported on Tuesday
Spot gold eased 0.1%, extending losses to a fourth straight session, as higher oil prices fueled inflation concerns
The US Federal Reserve is expected to keep interest rate on hold this month and deliver a hike in December, according to nearly all economists polled by Reuters
Canada's federal budget will be delivered on November 5, Finance Minister Francois-Philippe Champagne told the House of Commons on Tuesday
Traders are pricing in an 80% chance of a Bank of Canada rate hike next week, and a percentage point hike over the next 12 months, according to LSEG data
Canada and Turkey are expected to sign a joint declaration aimed at deepening bilateral cooperation in four areas, including defence and energy, during Prime Minister Mark Carney's visit later this week, a person briefed on the matter said
Japan's Mitsubishi Corp 8058.T approved the construction of a copper mining project in Arizona, jointly with Canada's Hudbay Minerals HBM.TO