FX.co ★ TSX Futures Flat as Investors Eye US CPI and Big Earnings

Futures tracking the S&P/TSX Composite Index hovered near the flatline on Friday ahead of a slate of major earnings releases. A larger-than-expected slowdown in US inflation pulled forward expectations for Federal Reserve rate cuts, improving the credit outlook for heavyweight banks. Gold gained about 1% after yesterday’s selloff, lending support to Canadian mining shares, and Agnico Eagle reported quarterly profit above forecasts, driven by higher gold prices.

Oil prices edged lower as traders weighed the prospect of a sizable supply surplus, rising inventories, and diminishing risks of a US–Iran conflict, pressuring energy stocks. Elsewhere, Air Canada projected its 2026 core profit slightly above analyst estimates. Investors are also awaiting earnings reports from Enbridge, TransCanada, Cameco, Cenovus Energy, Fairfax Financial, and Constellation Software.