# Canada futures gain as oil retreat cools inflation fears

> Futures on the S&P/TSX rose as oil fell, with Brent down more than 4% after a third day of Iran-Qatar talks. Markets priced a 72.8% chance of a Fed rate hike in December, and Canada's main index had its biggest one-day drop in nearly six months on Friday.

- Date: 2026-11-02 · published 2026-11-02T21:11:25.793Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/75913-canada-futures-gain-as-oil-retreat-cools-inflation-fears
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower oil eases inflation and energy-cost pressure across commodity markets, which supports lower freight and processing costs for feed. The equity and Fed items have little direct grain price impact.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2020-03-11 | [Carnage in Latin America as oil plummets; coronavirus fears rise \| OilNOW](https://feedsoft.ai/events/54404-carnage-in-latin-america-as-oil-plummets-coronavirus-fears-rise-oilnow.md) | -22.1% | -27.1% |
| BRENT | 2024-02-29 | [Oil inches down as US inflation data, rising OPEC output weigh \| Reuters](https://feedsoft.ai/events/31835-oil-inches-down-as-us-inflation-data-rising-opec-output-weigh-reuters.md) | +1.0% | +1.9% |
| BRENT | 2022-11-22 | [Oil prices retreat as investor sentiment darkens](https://feedsoft.ai/events/38849-oil-prices-retreat-as-investor-sentiment-darkens.md) | -5.2% | -8.2% |
| BRENT | 2020-10-28 | [Oil Falls As Rise In US Crude Stocks Fans Over-Supply Fears](https://feedsoft.ai/events/50802-oil-falls-as-rise-in-us-crude-stocks-fans-over-supply-fears.md) | -3.8% | +16.8% |
| BRENT | 2023-12-12 | [U.S. crude oil falls more than 3% on inflation worries](https://feedsoft.ai/events/32888-u-s-crude-oil-falls-more-than-3-on-inflation-worries.md) | +3.3% | +2.3% |
| WTI | 2025-08-19 | [Canada’s annual inflation rate eases to 1.7 per cent in July, core measures stay firm - Grainews](https://feedsoft.ai/events/23560-canada-s-annual-inflation-rate-eases-to-1-7-per-cent-in-july-core-measures-stay.md) | +1.4% | +1.0% |
| WTI | 2022-11-16 | [Canadian dollar retreats from 100-day moving average as inflation holds steady - The Globe and Mail](https://feedsoft.ai/events/38907-canadian-dollar-retreats-from-100-day-moving-average-as-inflation-holds-steady.md) | -6.9% | -11.2% |
| WTI | 2023-07-18 | [Canada's inflation falls to 27-month low but underlying pressures persist \| Reuters](https://feedsoft.ai/events/35278-canada-s-inflation-falls-to-27-month-low-but-underlying-pressures-persist.md) | +6.2% | +11.2% |

## Sources

- kitco.com: https://www.kitco.com/news/off-the-wire/2026-11-02/canada-futures-gain-oil-retreat-cools-inflation-fears

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.