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

📆 13/10/2023 14:21:00
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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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