31.10.202513:10:41UTC+00TSX Futures Edge Higher as Markets Gauge Growth Outlook

Futures linked to Canada's S&P/TSX Composite Index experienced a modest rise on Friday. This uptick aligned with Wall Street's gains as investors evaluated Canada's economic growth. Indications suggest that Canada's economy likely expanded by 0.1% in the third quarter. This demonstrates a degree of resilience against US tariffs, despite broader underperformance. The overall uplift in global sentiment was fueled by optimistic forecasts from major US tech companies. However, declines in gold, copper, and oil prices put pressure on key Canadian producers like Barrick and Canadian Natural Resources. In corporate developments, Fresnillo has announced an agreement to acquire Probe Gold for C$780 million in cash. In terms of international trade, Prime Minister Mark Carney engaged in discussions with China's President Xi Jinping, aiming to revitalize economic relations and solidify plans to double non-US exports within the next ten years.