FX.co ★ TSX Futures Edge Up on Modest Job Report

Futures linked to Canada’s S&P/TSX Composite Index experienced a slight uptick on Friday as investors analyzed important employment data and awaited a decision from the US Supreme Court regarding the legality of tariffs imposed by President Donald Trump. In Canada, job growth in December was modest, with the unemployment rate at approximately 6.8%, slightly exceeding expectations. This has fueled hopes for a more dovish stance from the Bank of Canada. Additionally, oil prices increased for a second consecutive session amid renewed supply concerns, benefiting Canadian energy producers. Gold prices also rose slightly, providing modest support to mining stocks. On the corporate front, Aritzia, an apparel retailer, and Tilray Brands, a cannabis producer, reported robust quarterly results.