FX.co ★ Canadian Stocks Set for Muted Open

On Wednesday, futures associated with Canada's S&P/TSX Composite index remained flat, sustaining the 1% decline observed in the previous session. This was due to widespread losses across various sectors, despite a slight recovery for gold miners and oil producers. Globally, risk assets continued to experience pressure as the U.S. administration persisted in urging European governments to consider the sale of Greenland to the U.S., warning of potential new tariffs on European economies if they refused. Banking stocks stayed relatively unchanged after the previous session's decline. Meanwhile, oil prices saw an uptick due to temporary production halts in Kazakhstan. Additionally, geopolitical tensions fueled by assertive U.S. political statements bolstered gold prices to new highs, benefiting Canadian mining equities.