CANADA STOCKS-TSX futures tick higher as gold climbs, oil falls on Iran hopes

By Reuters News10:29 (UTC), 26 October 2026 Updated

Oct 26 (Reuters) - Futures tracking Canada's blue-chip stocks edged higher on Monday, supported by stronger gold prices, while inflation concerns were tempered by oil retreating from six-month highs on hopes of easing US-Iran tensions.

December futures on the S&P/TSX index were up 0.51% at 6:03 a.m. ET (10:03 GMT).

Spot gold rose 0.5% as softer oil prices tempered inflation concerns, while investors awaited the US Federal Reserve's policy decision later this week GOL/
Brent crude fell 1.7% after Qatari mediators traveled to Tehran on Sunday as part of efforts coordinated with the United States to ease regional tensions, although prices remained above the psychologically important $100-per-barrel level O/R
Canada's benchmark index .GSPTSE declined last week amid volatility in global equity markets, with a selloff in AI-linked stocks further weighing on investor sentiment ahead of rate decisions from the Fed and the Bank of Canada
Traders expect the Fed to keep rates on hold at its policy meeting next week, with a quarter-point hike priced in for December, according to LSEG data
In Canada, the BoC is expected to raise its benchmark interest rate by 25 basis points to 2.50% on Wednesday and deliver one more hike by the end of March, according to a Reuters poll of economists
Investors were also monitoring trade developments after US President Donald Trump said on Sunday that he expected a trade dispute with Canada to be resolved "soon"
On the political front, the opposition Conservative Party won an election in the Canadian province of British Columbia for the first time in nearly 100 years, provisional results showed on Sunday