TSX futures inch lower amid gold price slide By Investing.com
Update: 2025-10-28
Description
Canada's main stock exchange rebounded, with the S and P TSX Composite up over one hundred fifty points, while U.S. markets hit new highs. The materials sector in Canada took a hit due to a drop in gold prices, but U.S. markets were optimistic about trade talks and the Federal Reserve's upcoming decision. The Fed's two-day policy meeting is highly anticipated, with most investors expecting another rate cut. Amazon cut fourteen thousand jobs, UnitedHealth Group raised its earnings forecast, and PayPal announced a partnership with OpenAI. Oil prices dropped as OPEC may increase production, and gold continued to trend down due to easing trade tensions.
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