TSX Futures Point Higher Amid Shifting Rate Hike Expectations

By EC Assets · Published 6 October 2026

TSX futures advanced on Monday as investors recalibrated expectations for U.S. monetary policy. Bets on an October Federal Reserve interest rate hike later this month diminished. Futures linked to Canada’s main stock index inched higher. Futures tracking Canada’s blue-chip stocks were little changed on Monday. This followed a prior session where the benchmark index rose. A soft U.S. jobs report cut the odds of an imminent rate hike by the U.S. Federal Reserve. On Friday, futures linked to Canada’s main stock index edged higher. Investors prepared for key U.S. employment data. They also assessed ongoing fluctuations in the global bond market. Wall Street futures also rose as yields and oil prices dipped. Earlier in the week, TSX futures edged slightly higher on Tuesday. Investors awaited upcoming domestic growth data. Ongoing fluctuations in energy prices were also a factor. Futures were nearly flat after GDP data showed Canada’s growth stalled in July. This also occurred on Tuesday. Global market jitters over artificial intelligence development and elevated energy also influenced markets. Futures tracking Canada's main stock index fell on Monday, signaling a soft start for Bay Street. The TSX fell to its lowest close since July as a gold selloff hammered materials stocks. This article is intended for informational purposes only. It does not constitute investment advice.