TSX futures edge higher ahead of key U.S. inflation data Scott Kanowsky Wed, October 14, 2026 at 8:24 AM EDT 6 min read ^GSPC -0.02% ^IXIC -0.15% ^GSPTSE +0.90% SHOP -1.51% Trade Shopify on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Investing.com - Futures linked to Canada's main stock index pointed higher on Wednesday, as investors prepared for key U.S. inflation data and assessed a slew of Wall Street bank earnings.
Before you buy NVIDIA: our AI model's stock picks are beating the market by 120%+. See the list now »
By 07:21 ET (11:21 GMT), the S&P/TSX 60 index standard futures contract had risen by 4 points, or 0.2%.
The S&P/TSX composite index ended up by 0.9% at 35,983.98 on Tuesday, bolstered by a jump in energy-sector shares and steadying bond yields. Financial stocks, a major component of the average, also advanced by 1.4%, while a climb in Canadian e-commerce giant Shopify boosted domestic tech-industry names.
S&P 500 futures inched higher, while Nasdaq futures hovered below the flatline. By 07:32 ET, S&P 500 futures had ticked up by 13 points, or 0.2%, while Nasdaq futures had edged down by 30 points, or 0.1%. Dow futures, meanwhile, gained 155 points, or 0.3%.
The main averages on Wall Street finished lower in the prior session, weighed down in part by lingering questions around the financial status of frontier artificial intelligence labs like OpenAI and Anthropic. However, major AI hyperscalers outperformed, with analysts at Vital Knowledge highlighting that these massive technology companies are more likely to fund their ambitions through operating cash flow, a potentially soothing notion as jitters surround a glut of debt-fueled financing deals across the AI industry.
"Our main issue with AI isn't the technology's utility or the outlook for token growth but instead OpenAI and Anthropic specifically and whether they can come public on the timelines and at the valuations anticipated by bulls," the Vital Knowledge analysts wrote in a note.
According to media reports, Anthropic, the company behind the popular Claude chatbot, is planning to disclose its third-quarter financial results for the first time later today.
Traders were parsing through an initial batch of bank returns as well. Shares of JPMorgan Chase, the largest U.S. bank, edged down following an unexpected drop in fixed-income trading revenue, while peer Goldman Sachs also ticked lower after its fixed-income revenue missed relative to estimates. Citigroup was the worst performer on the sector-tracking KBW Banks Index, falling by 5.6%.
The marquee event on the economic calendar today will be the unveiling of the monthly U.S. consumer price index, a closely-watched inflation metric.
Overall consumer price growth is expected to have accelerated last month, underlining the inflationary impact of a surge in energy prices and potentially factoring into the trajectory of Federal Reserve monetary policy over the rest of the year.
In the twelve months to September, consumer price growth is tipped to have accelerated to 3.6% from 3.4% previously. Month-on-month, the figure is speeding up to 0.6% from 0.4%.
"This report is likely to be a strong one given the run-up in energy prices over September," analysts at Deutsche Bank said in a note, adding that their economists expect that motor fuel prices soared by 0.6% over the month.
So-called "core" CPI, which strips out volatile items like food and fuel, is projected to stand at 2.5%, up slightly from 2.4% in August. On a monthly basis, the number is expected to slow to 0.2% from 0.3%.
Not finding the right stocks? Our AI's list of investor-grade stock picks for October just dropped »
Alternative data compiler Truflation predicted that the "gap between headline and core is widening," as stubbornly elevated energy prices due to an expanding Middle East conflict and aggressive U.S. trade policies threaten renewed goods inflation.
Elsewhere, another host of Wall Street lenders are due to report their quarterly results.
Bank of America posted a fall in third-quarter profit, weighed down by a decision to set aside $1.2 billion in provisions in response to U.S. fines over failures to detect possible illicit activity. Shares slipped in premarket trading.
BlackRock, on the other hand, notched an increase in profit for the period, buoyed by an uptick in fees for managing client funds. The stock rose before the opening bell.
The Vital Knowledge analysts said that third-quarter returns from big banks have not necessarily been "bad," with the numbers appearing to satisfy most expectations, aside from softness in fixed-income trading. However, they flagged a "fear that conditions now are as good as they will get for the industry."
Beyond banks, ASML once again lifted its annual outlook, as the Dutch semiconductor equipment provider gave a rosy picture of soaring AI demand. The company even suggested that clients, which include makers of high-end AI chips, are locking in orders for as far away as 2030. Shares of ASML climbed by more than 1% in European trading.
Oil prices ticked higher, as ships were once again targeted in the Strait of Hormuz and renewed fighting between Saudi Arabia and Yemen's Houthis spurred more concerns over supply disruptions in the Middle East.
Brent oil futures rose 0.5% to $106.25 a barrel by 07:40 ET, while U.S. West Texas Intermediate crude futures rose 1.9% to $95.88 per barrel.
Shipping through the Strait of Hormuz also remained constrained after reports this week said more ships have been hit by missiles while attempting to cross the waterway. The United Kingdom Maritime Trade Operations authority said at least two ships were struck in Hormuz on Tuesday.
Meanwhile, worries have abounded that the fighting in the Middle East is now spreading beyond Iran, potentially further constraining Gulf oil supplies.
Yemen's Iran-backed Houthis launched a wave of missiles at Saudi Arabia on Tuesday, targeting major cities, as well as state-owned company Saudi Aramco's facilities. Aramco's headquarters in Dhahran were struck in the latest attacks, although only a limited fire was reported in the facility.
Gold prices fell. At 06:06 ET, spot gold had fallen 0.6% to $4,138.73 an ounce, while gold futures declined by 0.4% to $4,160.34 an ounce.
Gold has declined for two consecutive sessions, as a flare-up in Middle East attacks raised concerns about further supply disruptions and persistent inflation.
Higher borrowing costs generally weigh on gold because it does not pay interest. The metal has fallen around a fifth from its levels since the U.S.-Iran war erupted in late February, as energy-driven inflation concerns and central bank tightening weighed on prices.
TSX futures edge higher ahead of key U.S. inflation data
Arrowhead jumps as breakthrough Alzheimer's drug clears brain barrier
JPM names best and worst-positioned European Building Materials stocks for Q3
