CANADA STOCKS-TSX futures muted before US inflation data, oil slips

By Reuters News11:26 (UTC), 10 November 2026 Updated

Nov 10 (Reuters) - Futures tracking Canada's blue-chip stocks were little changed on Tuesday as Brent crude slipped below $90 a barrel, easing inflation concerns ahead of US inflation data due later in the day.

December futures on the S&P/TSX 60 index were up 0.04% at 5:55 a.m. ET (1055 GMT).

Brent crude slipped 2.3% to below $90 a barrel as US President Donald Trump downplayed further military action against Iran, easing Middle East supply concerns O/R
Global stocks climbed as oil prices fell, with investors hoping for a peace deal in the US-Iran war and an easing of long-persisting inflationary worries MKTS/GLOB
Canada's main stock index .GSPTSE rose to a two-month high on Monday, led by industrial and metal mining shares, as a drop in oil prices eased investor concerns about the inflation outlook
Meanwhile, investors are awaiting key US inflation data, due later in the day for clues on the US Federal Reserve's monetary policy path
Money markets price in a 99.1% chance for another interest rate hike by the Fed in its December meeting, according to the CME FedWatch tool
Canada will extend relief from tariffs on certain US imports, including goods in short supply domestically such as non-steel products used in mining, quarrying, and oil and gas extraction, Finance Minister Francois-Philippe Champagne said on Monday
Among company news, Endeavour Silver EDR.TO reported a 29% increase in quarterly revenue, but narrowed annual gold production guidance to 42,000-43,500 oz
Equinox Gold EQX.TO reported third quarter revenue slightly above estimates, but adjusted EPS missed estimates