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CANADA STOCKS-TSX futures fall as US jobs data looms

ReutersDec 16, 2025 11:25 AM

- Futures for Canada's main stock index dipped on Tuesday as investors turned cautious ahead of crucial U.S. jobs data, while lower commodity prices added to the downward pressure.

Futures on the S&P/TSX Composite Index SXFcv1 were down 0.3% by 05:55 a.m. ET (1055 GMT).

U.S. stock futures were under pressure ahead of the combined U.S. employment data for October and November, which was delayed by the U.S. government shutdown.

The report could influence the U.S. Federal Reserve's monetary policy in 2026. The central bank cut rates thrice by 25 basis points this year and investors expect two such cuts next year.

Easing interest rates and upbeat commodity prices have put Canadian stocks on track for their best annual showing since 2009, beating major U.S. indexes so far this year.

The commodity-heavy index is directly influenced by the prices of oil, gold and essential metals.

Gold XAU= fell ahead of the U.S. data.

Brent crude futures LCOc1 and U.S. West Texas Intermediate crude CLC1 both fell more than 1.5%, as prospects for a Russia-Ukraine peace deal appeared to strengthen, while copper CMCU3 fell 0.6%. O/R MET/L

In corporate updates, services firm WSP Global WSP.TO said it would acquire U.S. power and energy firm TRC Companies in a $3.3 billion all-cash deal.

Enterprise software firm Enghouse's ENGH.TO fourth-quarter revenue came in below analyst estimates.

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report .TO

Reuters global stocks poll for Canada EQUITYPOLL1, EPOLL/CA

Canadian markets directory CANADA

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