FX.co ★ TSX Futures Rise on Commodity Gains

Futures associated with the S&P/TSX Composite Index saw an uptick on Wednesday, buoyed by rising prices in the gold and oil markets. Gold increased by over 2%, providing a lift to mining shares, while oil prices rose due to increased tensions in the Middle East following the U.S. downing of an Iranian drone, which, in turn, benefited energy companies. Suncor Energy contributed positively to the sector after exceeding fourth-quarter profit forecasts, driven by elevated production levels. Regarding earnings announcements, FirstService and Methanex are set to disclose their results later today, with BCE, Telus, and Saputo scheduled to announce theirs on Thursday. In a separate development, Canada's aviation regulatory body is collaborating with the Federal Aviation Administration concerning delays in the approval of Gulfstream jets. This follows a warning from U.S. President Donald Trump regarding potential decertification and tariffs on Canadian-manufactured aircraft, a scenario that could impact Bombardier.