24.06.202613:15:52UTC+00TSX Futures Edge Lower on Commodity Weakness

Futures tracking the S&P/TSX Composite Index slipped on Wednesday, pressured by persistently high borrowing costs and weakness in energy producers. Gold prices fell as the US dollar strengthened on growing expectations of further Federal Reserve rate hikes, dragging down mining shares. Oil prices also declined, extending this week’s losses amid signs that more tankers are preparing to transit the Strait of Hormuz, easing fears of energy-driven inflation but weighing on energy stocks. Adding to the cautious tone, a broad reassessment of AI-related valuations on Wall Street erased roughly $1.3 trillion in market capitalization in the previous session, undermining global risk sentiment.