Futures Show Gains Mid-Week

The TSX index staggered 340.68 points to conclude Tuesday at 32,750.28.

March futures were up 0.4% Wednesday.

U.S. President Donald Trump is likely to escalate his push to take over Greenland at the World Economic Forum in Davos, despite a tough reception from European nations.

Prime Minister Mark Carney on Tuesday strongly opposed Washington's fresh tariff threats against European allies and backed Denmark's sovereignty over Greenland.

The Canadian dollar eked up 0.02 cents to 72.31 cents U.S.

On the economic scene. Statistics Canada reports its industrial product price index decreased 0.6% month over month in December, and gained 4.9% year over year. The Raw Materials Price Index increased by 0.5% month over month in December and rose 6.4% year over year.

ON BAYSTREET

The TSX Venture Exchange gained 7.21 points Tuesday to 1,093.33.

ON WALLSTREET

Stock futures were little changed, signaling a tentative recovery from Wall Street’s worst day in three months.

Futures for the Dow Jones Industrials faltered 33 points, or 0.1%, to 48,633.

Futures for the S&P 500 sank 4.75
points, or 0.1%, at 6,824.75.

Futures for the NASDAQ climbed 99.2 points to 25,063.25.

U.S. equities posted sharp losses in Tuesday’s session as President Donald Trump escalated his Greenland tariff threats ahead of his scheduled appearance at the World Economic Forum in Davos, Switzerland, on Wednesday.

The 30-stock Dow slipped more than 870 points, or about 1.8%, while the S&P 500 lost roughly 2.1%. A drawdown in technology stocks led the selloff, with the NASDAQ sliding 2.4% on the day.

All three benchmark indices logged their worst daily performances since Oct. 10. The selloff also dragged the S&P 500 and the NASDAQ into negative territory for 2026.

Internationally, markets in Japan trailed Tuesday’s close by 0.4% Wednesday, while the Hang Seng in Hong Kong gained 0.4%.

Oil prices nicked ahead 13 cents to $60.49 U.S. a barrel.

Gold prices jumped $99.20 at $4,732.60 U.S. per ounce.