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Commodities slump drags resource-heavy Canadian futures amid gold and copper decline
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Commodities sink—gold, copper, oil fall—pulling down Canada’s resource-futures; raises risk for resource-linked equities.
Canada’s resource-heavy futures on the S&P/TSX Composite Index slipped 0.3% as commodity prices broadly fell. Gold fell to near a three-week low as safe-haven demand faded, copper eased following a recent rally, and oil slipped over 2% amid concerns of increased OPEC+ supply. The weakness underlines the sensitivity of resource stocks to commodity-price swings, and highlights the risk of spill-over into equity markets if inflation or growth data disappoint.