TSX Futures Rise on Dovish Fed Signals

Futures tracking the S&P/TSX Composite Index edged up on Friday as investors continued to gauge risks around exaggerated AI spending.

Sentiment was lifted as New York Fed President John Williams maintained a cautiously dovish tone today, saying he continues to view US monetary policy as “modestly restrictive.” With that in mind, he sees room for “a further adjustment in the near term” to bring the federal funds rate closer to neutral.

Dye & Durham received a $272 million take-private offer from Plantro, while GFL Environmental announced a secondary offering by selling shareholders.

Oil prices fell, extending losses as talk of a Russia–Ukraine peace deal raised prospects of higher global supply, pressuring Canadian refiners.

Meanwhile, gold prices slipped as hopes for a US rate cut diminished, weighing on local miners.