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CANADA STOCKS-TSX futures tick up as investors assess earnings, Fed board updates
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CANADA STOCKS-TSX futures tick up as investors assess earnings, Fed board updates
Aug 8, 2025 3:55 AM

Aug 8 (Reuters) - Futures tied to Canada's main stock

index edged higher on Friday, as investors monitored corporate

earnings and U.S. President Donald Trump's nomination for the

open spot on the Federal Reserve's governing board.

Futures on the S&P/TSX index rose 0.2% by 06:10

a.m. ET (1010 GMT).

Trump said he would nominate Council of Economic Advisers

Chairman Stephen Miran to serve out the final months of the

newly vacant seat while the White House looks for a permanent

addition to the governing board and a new Fed Chair.

Current Chair Jerome Powell's term ends in May 2026.

In corporate earnings, Sun Life Financial ( SLF ) posted a

jump in second-quarter profit on Thursday, helped by a strong

growth in its Asia unit as insurers expanded to tap into a

growing market to offset the weakness in the U.S. market.

Ensign Energy's second-quarter net loss widened,

driven by lower crude oil prices.

Saputo ( SAPIF ) reported quarterly adjusted earnings, with

revenue and profit missing analysts' estimates.

Gold miner IAMGOLD ( IAG ) posted a rise in quarterly

revenue, but missed expectations.

Meanwhile, Ivey PMI data showed that Canadian economic

activity expanded at the fastest pace in a year during July as

employment rose.

In commodities, U.S. gold futures climbed to a record high

after a report of U.S. tariffs on gold bar imports, while spot

gold prices steadied. Copper prices rose on a

softer dollar and oil prices were stable.

The TSX index pulled back from a record high on

Thursday, pressured by earnings misses for consumer-related

stocks as investors assessed a mixed bag of earnings.

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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