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CANADA STOCKS-TSX futures rise as Venezuela turmoil fuels precious metals rally

Reuters01-05

CANADA STOCKS-TSX futures rise as Venezuela turmoil fuels precious metals rally

Futures linked to Canada's main stock index inched up on Monday, as the capture of Venezuelan President Nicolas Maduro by the U.S. over the weekend sparked safe-haven demand and pushed precious metal prices higher.

Futures on the commodities-heavy S&P/TSX Composite index SXFcv1 were up 0.24% as of 7:20 a.m. ET.

Gold XAU= prices gained more than 2%, reaching a one-week high.

Brent crude futures LCOc1 rose 0.40%, driven by supply concerns. Venezuela is home to the world's biggest oil reserves.

The S&P/TSX composite index .GSPTSE gained more than 28% in 2025, its best annual performance since 2009, driven by soaring metal prices and the financial sector's robust earnings.

The benchmark began 2026 on a positive note on Friday, breaking a four-session losing streak and ending 0.54% higher.

On the macro front, investors are bracing for the release of December jobs data for the U.S. and Canada on Friday.

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report .TO

Canadian dollar and bonds report CAD/ CA/

Reuters global stocks poll for Canada EQUITYPOLL1, EPOLL/CA

Canadian markets directory CANADA

(Reporting by Utkarsh Tushar Hathi in Bengaluru; Editing by Jonathan Ananda)

((utkarshtushar.hathi@thomsonreuters.com))

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