FX.co ★ TSX Futures Slip on Inflation Concerns

Futures tracking Canada’s stock market edged lower on Thursday as rising oil prices stoked inflation worries and declining gold prices weighed on mining shares. Crude advanced after U.S. President Donald Trump unveiled a sweeping package of economic sanctions targeting Iran. Financials and the broader market also came under pressure as bond yields climbed amid renewed inflation concerns. Gold retreated as investors locked in profits following a run-up to a more than two-month high, a move likely to drag on miners after Wednesday’s rally. Canada’s producer price inflation surged 12.4% in July, highlighting the impact of elevated energy costs on wholesale prices and aligning with the high level of yields. On the trade front, the United States and Canada are reportedly close to reaching an agreement.