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Commodities

TSX Futures Rise Amid Oil Price Decline

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Futures linked to Canada's main stock index, the TSX, rose on Monday due to an extended fall in oil prices. The drop in oil prices triggered a global bond rally and optimism around artificial intelligence demand.

Bank of Canada Governor Tiff Macklem is scheduled to speak later today, with traders pricing in about a 60% chance of an interest rate hike at its next meeting in October.

The TSX futures contract had risen by 13 points, or 0.6%, while U.S. stock index futures climbed, with the Dow, S&P 500, and Nasdaq 100 all gaining.

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