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TSX futures advance on higher commodity prices, US banks' earnings boost

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Kitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.

Oct 13 - Futures for Canada's main stock index climbed on Friday, setting it up for weekly gains, supported by rising prices of most commodities, while strong bank earnings from the U.S. also lifted sentiment.

Energy stocks are expected to soar as oil prices jumped over $3 per barrel on supply concerns after the U.S. tightened its sanctions against Russian crude exports, with global inventories forecast to decline through the fourth-quarter. Copper prices were further lifted after Chinese data showed the economy of the world's top metals consumer was slowly recovering.

 

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