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CANADA STOCKS-Toronto futures gain as gold rallies; earnings in focus
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CANADA STOCKS-Toronto futures gain as gold rallies; earnings in focus
Aug 5, 2026 4:11 AM

Aug 5 (Reuters) - Futures tracking Canada's commodity-heavy

stock index edged higher on Wednesday, as gold prices hit a

one-month peak and oil prices rose, while investors digested

fresh corporate earnings.

September futures tracking the S&P/TSX Composite index

were up 0.2% at 6:30 a.m. ET, following the benchmark's

record high on Tuesday.

* Gold was up more than 2% at a one-month high, as hopes for

a U.S.-Iran peace deal tempered some inflation concerns. Spot

silver surged 2.7%.

* U.S.-listed shares of miner Kinross Gold ( KGCRF ) rose 3.4%

in premarket trading.

* Oil prices gained after Yemen's Iran-backed Houthi rebels

said they attacked a Saudi oil tanker in the Red Sea, dampening

hopes that easing tensions with Iran could help restore shipping

traffic and oil flows in the region.

* Brent crude futures were up 1.6% at $80.66, while

West Texas Intermediate futures added 0.7% to reach

$76.37.

* On the earnings front, Thomson Reuters ( TMSOF ) beat

second-quarter profit and revenue estimates and raised its

annual revenue growth forecast.

* Suncor Energy ( SU ) beat second-quarter adjusted profit

estimates, while insurance and wealth manager iA Financial ( IAFNF )

topped quarterly core EPS estimates late on Tuesday.

* The latest results add to a busy earnings season, with PHX

Energy and Dexterra Group ( HZNOF ) having also reported

results after market close on Tuesday.

* Separately, oil and gas producer Gran Tierra Energy ( GTE )

said on Wednesday it had agreed to sell its Colombian

and Ecuadorean oil operations to France's Maurel & Prom

for $1.33 billion, including debt.

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report

Canadian dollar and bonds report

Reuters global stocks poll for Canada

Canadian markets directory

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