Canada Stocks: Toronto futures rise ahead of key Canada, US jobs data

Docebo

07/08/2026 12:12

Aug 7 (Reuters) - Futures tracking Canada's blue-chip stocks on Friday edged higher as investors awaited a key U.S. jobs report and domestic employment data, while weighing largely positive corporate earnings.
September futures tracking the S&P/TSX Composite index SXFc1 were up 0.4% at 06:44 a.m. ET.
U.S. non-farm payrolls data and Canada's jobs report are both due at 8:30 a.m. ET, with investors watching for signals on the health of the labor market and central banks' monetary policy path.
July Ivey PMI data for Canada is also expected at 10:00 a.m. ET.
Traders were almost equally split about whether the U.S. Federal Reserve would hike interest rates during its September meeting, moderating from a 67% chance for a rate hike seen a week ago, according to the CME FedWatch Tool.
Meanwhile, the Bank of Canada is largely expected to leave interest rates unchanged this year, as per data compiled by LSEG.
Gold gained more than 1% on Friday and was on track for its biggest weekly rise since January, as expectations of U.S. rate hikes receded and inflation worries tied to the U.S.-Iran peace deal eased. GOL/
In earnings, miner Lundin Gold LUG.TO posted a rise in second-quarter revenue, while insurer Sun Life Financial SLF.TO reported higher quarterly profit on strength in its Asia and domestic business.
Markets await quarterly results from Pembina Pipeline PPL.TO and Fiera Capital FSZ.TO, among other companies, on Friday. 
On the trade front, the U.S. and Canada had "constructive" trade talks in Washington on Thursday, said Dominic LeBlanc, the Canadian government minister in charge of trade relations with the neighboring country.
Separately, the world's largest potash producer Nutrien NTR.TO and The Mosaic Company MOS.N face challenges as farmers cut back on fertilizer due to high prices, the companies said in earnings discussions this week.
     
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(Reporting by Sudeshna Ghoshal in Bengaluru; Editing by Jonathan Ananda)
((Sudeshna.Ghoshal@thomsonreuters.com;))