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TSX Futures Edge Higher on AI Optimism

Futures tracking the S&P/TSX Composite Index edged higher on Thursday, mirroring gains on Wall Street after upbeat forecasts from Micron and Qualcomm. US chipmakers advanced in premarket trading as strong guidance from both companies pointed to resilient AI demand, supporting North America technology companies. Meanwhile, oil prices fell to levels last seen before the start of the Iran conflict on signs of higher Middle East supply. Lower energy costs pushed bond yields lower by easing inflation concerns, supporting banking stocks and the broader index. Gold prices also edged higher, lending support to mining shares. Investors also assessed the latest minutes from the Bank of Canada, which showed policymakers agreed to keep monetary policy flexible in response to potential new US trade restrictions and shifts in energy prices.

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