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2026.10.0712:54:51UTC+00TSX Futures Fall as Oil Prices and Bond Yields Rise

Futures tracking Canada’s stock market fell on Wednesday as higher oil prices and rising bond yields pressured sentiment. Crude oil advanced amid ongoing risks to energy supplies from the Middle East, intensifying inflation worries and reinforcing expectations that interest rates will remain elevated for longer. This compounded the upward pressure on domestic yields stemming from increased deficit spending in the United States. Canadian sovereign bonds declined, further weighing on credit-sensitive equities. Markets are now pricing in at least one 25-basis-point Bank of Canada rate hike before year-end. At the same time, gold prices slipped, dragging down mining stocks.

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