FX.co ★ TSX Futures Flat After Record High

Futures associated with Canada's S&P/TSX Composite Index showed little variation on Tuesday, maintaining the record highs achieved in the previous session. This stability reflects a positive outlook for North American economies this year. Banks on the Toronto Exchange, including RBC, BMO, CIBC, and Scotiabank, capitalized on this upward momentum, reaching record trading levels thanks to anticipated strong credit demand in their U.S. operations. Gold mining stocks also appeared poised for gains, as the rally in precious metals continued. This surge in demand for safe-haven assets was partly driven by Venezuelan authorities' recent clampdowns on journalists, following Delcy Rodriguez's assumption of presidential duties, and was further influenced by the recent U.S. apprehension of Nicolas Maduro. However, oil producers experienced a decline in the last session, as the anticipated shipment of Venezuelan crude oil to the U.S. is expected to diminish Canadian oil companies' market share.