Trading EconomicsTrading Economics

TSX Futures Hold After Record Highs

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Futures tied to the S&P/TSX Composite Index were steady on Thursday after the benchmark hit a series of record highs this week on rising expectations of a December Fed rate cut.

Delayed economic data released by the US Census and BLS pointed to a softening US economy, prompting key FOMC officials to voice their support of a rate cut next month.

Meanwhile, oil prices rose moderately, offering support to local producers, while gains in Bitcoin put crypto firm Bitfarms in focus.

In contrast, gold traded lower, pressuring Canadian miners.

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