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CANADA STOCKS-TSX futures flat following strongest rally in three weeks
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CANADA STOCKS-TSX futures flat following strongest rally in three weeks
Nov 6, 2025 3:32 AM

Nov 6 (Reuters) - Futures linked to Canada's main stock

index were little changed on Thursday, as higher commodity

prices helped offset broader market caution following the

benchmark's strongest session in three weeks.

The futures on the S&P/TSX index were flat as of

05:54 a.m. ET. Gains in oil, copper and gold prices lent

support, keeping prices from slipping into negative territory.

The S&P/TSX composite index closed 325.66 points,

or 1.1%, higher at 30,103.48 on Wednesday, marking its biggest

single-day gain since October 14. The rebound followed a string

of losses and, if sustained, could push the index's weekly

performance into positive territory.

Wednesday's rally was underpinned by upbeat U.S. economic

data. Services sector activity rose to an eight-month high in

October, driven by solid growth in new orders, while private

payrolls increased by 42,000, beating expectations.

The data helped ease investor concerns after top Wall Street

banks warned of a potential equity market correction, citing

stretched valuations. Those warnings had dragged the TSX to a

one-month low on Tuesday.

Gold soared above the $4,000-per-ounce level due to concerns

over a prolonged U.S. government shutdown and a weaker dollar.

Oil prices edged higher, and copper rose as well, snapping a

four-day decline, as selling pressure eased.

On the tariff front, U.S. Supreme Court justices raised

doubts over the legality of U.S. President Donald Trump's

sweeping tariffs in a case that could have implications for

markets across the globe.

On the corporate front, Canadian Natural Resources ( CNQ )

posted a fall in third-quarter profit, as weaker commodity

prices weighed on the results.

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