Canada Stocks: TSX futures tick up after US data signals economic resilience

Sun Life Financial

12/02/2026 11:20

Feb 12 (Reuters) - Futures tracking Canada's main stock index rose on Thursday, mirroring moves on Wall Street, after unexpectedly strong U.S. jobs data signaled a stable labor market.

March futures on the S&P/TSX composite index SXFcv1 were up 0.28%, as of 5:48 a.m. ET, tracking a similar-sized move in U.S. stock future indexes.

U.S. employers added more jobs in January than widely expected, signaling a steady labor market, which dented hopes for more interest-rate cuts from the Fed in the near term.

Investors will also keep an eye on the inflation data from the U.S. due on Friday.

Toronto's resources-heavy benchmark index .GSPTSE ended 0.01% lower on Wednesday, pulling back from an intra-day record high, as weakness in tech stocks offset gains in commodity-linked stocks.

On Thursday, spot gold XAU= declined 0.34%, and silver XAG= 0.7%. A firmer dollar also pressured the prices of precious metals.  GOL/

Lower interest rates reduce the opportunity cost of holding non-yielding gold.

Meanwhile, oil prices LCOc1, CLc1 eased after early gains in the day as traders assessed the supply outlook amid lingering fears of a U.S. attack on Iran, and rising crude inventories in U.S. O/R

U.S. President Donald Trump said after talks with Israeli Prime Minister Benjamin Netanyahu on Wednesday that they had yet to reach a definitive agreement on how to move forward with Iran but that negotiations with Tehran would continue.

In aftermarket earnings on Wednesday, Canada's Manulife Financial MFC.TO reported a lower fourth-quarter profit, while its peer Sun Life SLF.TO reported a jump in profit for the same quarter.

The U.S. House of Representatives on Wednesday narrowly backed a measure disapproving of Trump's tariffs on Canada, although it is unlikely to garner enough support in Congress to overcome an expected Trump veto.

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report .TO

Canadian dollar and bonds report CAD/ CA/

Reuters global stocks poll for Canada EQUITYPOLL1, EPOLL/CA

Canadian markets directory CANADA

 (Reporting by Utkarsh Tushar Hathi; Editing by Shreya Biswas)

 ((utkarshtushar.hathi@thomsonreuters.com))