Canadian TSX Futures Rise After Seven-Week Winning Streak, Boosted by BoC Cut

On Monday, futures tied to Canada’s key stock index moved higher following a remarkable seventh consecutive weekly gain, as investors welcomed the Bank of Canada’s recent rate cut intended to bolster economic growth. The S&P/TSX futures climbed about 0.3%, trading around 1,767, after the index jumped 1.7% over the previous week. Year-to-date gains for the TSX now stand near 20.4%, significantly outpacing the U.S. S&P 500, which has gained roughly 13.3%.
Weak retail numbers for July—down 0.8%—were partially offset by signs of recovery in August, with preliminary data pointing to a roughly 1% rebound. Meanwhile, attention is shifting toward upcoming GDP figures, as many analysts warn of lingering economic softness tied to trade pressures and global uncertainty.
In the commodities market, gold surged to fresh highs amid expectations of further cuts by the U.S. Federal Reserve, and silver posted its strongest levels in over a decade. Oil prices, by contrast, held relatively steady. Additionally, in notable corporate news, Canadian pension fund La Caisse struck a deal to acquire Australian renewable energy firm Edify Energy in a deal worth about A$1.1 billion.
For investors, this mix of monetary easing, commodity strength, and economic data highlights key themes: “TSX futures outlook”, “impact of BoC rate cuts”, “Canadian economic indicators”, and “commodity-powered market returns”.