Canadian and US equity futures rose after Democrats won control of Congress in the US midterms, with oil prices sharply lower. The TSX gained 2.3% the prior session, and the Canadian dollar traded at 71.60 US cents.
Nutrien missed third-quarter profit estimates due to surging sulfur input costs.
The sharp fall in crude oil reduces biofuel and freight cost pressure, while Nutrien's sulfur-driven miss signals tighter phosphate fertilizer costs that feed through to livestock and feed producers' input budgets.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.