TSX Futures Steady as Earnings Take Focus

2026-08-10 13:09 By Isabela Couto 1 min. read

Futures tracking the S&P/TSX Composite Index were little changed on Monday after the index reached a record high in the previous session, amid uncertainty surrounding US-Iran talks and a fresh batch of corporate earnings.

Barrick traded lower in US pre-market trading after reporting second-quarter earnings and revenue below expectations.

Franco-Nevada and Constellation Software are scheduled to report earnings tomorrow.

The market is also pricing in last week's stronger-than-expected Canadian jobs report, which showed employment rising by 75,100 in July while the unemployment rate fell for the third consecutive month to 6.4%.

The resilient labor market could support a more hawkish stance from the Bank of Canada.

Meanwhile, oil prices rose as uncertainty persisted over efforts to reopen the Strait of Hormuz, while gold prices edged lower.



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TSX Muted as Earnings Take Focus
The S&P/TSX Composite Index was little changed around 36,000 on Monday after reaching a record high in the previous session, amid uncertainty surrounding US-Iran talks and a fresh batch of corporate earnings. Barrick slumped nearly 9% after reporting second-quarter earnings and revenue below expectations. Franco-Nevada (-1%) and Constellation Software (+2%) are scheduled to report earnings tomorrow. The market is also assessing last week's stronger-than-expected Canadian jobs report, which showed employment rising by 75,100 in July while the unemployment rate fell for the third consecutive month to 6.4%. The resilient labor market could support a more hawkish stance from the Bank of Canada. Meanwhile, oil prices rose as uncertainty persisted over efforts to reopen the Strait of Hormuz, while gold prices edged lower.
2026-08-10
TSX Futures Steady as Earnings Take Focus
Futures tracking the S&P/TSX Composite Index were little changed on Monday after the index reached a record high in the previous session, amid uncertainty surrounding US-Iran talks and a fresh batch of corporate earnings. Barrick traded lower in US pre-market trading after reporting second-quarter earnings and revenue below expectations. Franco-Nevada and Constellation Software are scheduled to report earnings tomorrow. The market is also pricing in last week's stronger-than-expected Canadian jobs report, which showed employment rising by 75,100 in July while the unemployment rate fell for the third consecutive month to 6.4%. The resilient labor market could support a more hawkish stance from the Bank of Canada. Meanwhile, oil prices rose as uncertainty persisted over efforts to reopen the Strait of Hormuz, while gold prices edged lower.
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The S&P/TSX Composite Index rose 0.7% to a record close of 36,381 on Friday, led by a rally in mining stocks. Gold prices surged after weaker-than-expected US labor data and lower energy prices reduced expectations of a Federal Reserve rate hike this year. The US economy unexpectedly lost jobs in July, easing concerns that labor market strength could fuel inflation. Agnico Eagle climbed 5.9%, Barrick gained 5%, and WPM jumped 6.6%, while other gold miners advanced between 2.6% and 14%. Tech stocks also benefited from the positive sentiment on Wall Street, with Shopify rising 2.4%. In contrast, financials underperformed after stronger-than-expected Canadian jobs data increased the likelihood that the Bank of Canada could resume tightening if inflation pressures persist. RBC fell 0.7% and TD Bank lost 0.4%.
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