TSX Futures Decline Amid Elevated Yields and Oil Prices

By EC Assets · Published 7 October 2026

TSX futures are pointing lower on Wednesday morning. This movement occurs amid elevated bond yields and oil prices. The Canadian benchmark index futures indicate a soft start for Bay Street. Futures tracking Canada’s main stock index previously fell on Monday. This decline was noted as global market jitters over artificial intelligence development and elevated energy prices contributed to investor caution. Prior to that, TSX futures edged higher on Tuesday, with investors awaiting domestic growth data and observing fluctuations in energy prices. Canada’s growth stalled in July, as indicated by GDP data. Despite this, futures were nearly flat after the GDP data release. On a different day, Tuesday saw futures linked to Canada’s main stock index edge higher as a global bond selloff eased. Oil prices also dipped on hopes for improving Middle East crude flows on that day. Futures tracking Canada's blue-chip stocks were little changed on Monday after the benchmark index rose in the prior session. This rise followed a soft U.S. jobs report, which reduced the likelihood of an imminent U.S. rate hike. December futures rose 0.2% on Friday morning. Market participants are observing the Bank of Canada's upcoming October meeting. Traders see a 65% chance that the Bank of Canada will hike interest rates by at least 25 basis points at this meeting. Rising Treasury yields are noted as oil moves higher, with traders also awaiting a key U.S. bond sale. Wall Street futures have slipped as yields and oil rebound, with Federal Reserve minutes in focus. The International Monetary Fund chief has issued a warning for France regarding surging bond yields. This article is intended for informational purposes only. It does not constitute investment advice.