FX.co ★ TSX Futures Steady as Investors Assess Retail Data

Futures linked to the S&P/TSX Composite Index saw minimal movement on Friday as investors digested new retail data. In October, Canada experienced a 0.2% decline in retail sales, slightly underperforming expectations that anticipated no change. This decline put pressure on consumer-centric stocks, including Loblaw, Couche-Tard, and Shopify. Conversely, rising oil prices bolstered Canadian energy producers, while a modest increase in gold prices provided some support to local mining companies. In corporate developments, BlackBerry adjusted the lower range of its fiscal 2026 revenue forecast upward, driven by strong demand for its cybersecurity software, and reported third-quarter revenues exceeding expectations. Additionally, Lundin Mining revealed its intention to divest its Eagle nickel-copper mine and the Humboldt Mill to Talon Metals.