FX.co ★ TSX Futures Hold After Record Highs

Futures linked to the S&P/TSX Composite Index remained stable on Thursday, following the benchmark's achievement of multiple record highs this week, fueled by growing anticipation of a December interest rate reduction by the Federal Reserve. Recent US economic data from the Census Bureau and the Bureau of Labor Statistics indicated a weakening economy, leading prominent Federal Open Market Committee members to endorse a potential rate cut next month. Meanwhile, oil prices experienced a moderate increase, benefiting local producers, and gains in Bitcoin highlighted crypto company Bitfarms. Conversely, gold prices fell, adversely affecting Canadian mining companies.