28.10.202512:19:43UTC+00TSX Futures Fall as Gold and Oil Prices Slide

On Tuesday, futures for Canada’s S&P/TSX Composite Index declined, influenced by the performance of gold and oil producers. Gold mining stocks encountered downward pressure due to a continued decrease in gold prices, as investors sought to adjust from previously inflated levels. Additionally, Weiss Ratings downgraded Agnico Eagle from "buy (a)" to "buy (b+)" in anticipation of its upcoming results, which are projected to reflect increased revenue and earnings. Oil producers faced challenges as well, impacted by a dip in West Texas Intermediate (WTI) crude prices, with market participants considering the effects of an OPEC+ production increase. Canadian Natural, Canada’s leading oil producer, is scheduled to release its earnings on Thursday, with expectations of higher revenue but diminished earnings. Meanwhile, Celestica is anticipated to experience gains following an upward revision of its 2025 revenue and profit forecasts, driven by robust demand for data centers. Investors are also focused on impending interest rate decisions, with both the Bank of Canada (BoC) and the Federal Reserve (Fed) expected to announce a reduction of 25 basis points tomorrow.