---
title: "CANADA STOCKS-TSX futures rise as oil steadies, Canada PM announces China trade deal"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/272827408.md"
description: "Futures for Canada's main stock index rose 0.24% as oil prices stabilized and Prime Minister Mark Carney announced a trade deal with China, cutting tariffs on electric vehicles and canola. This comes after a record high close for the TSX index, despite previous losses in commodity-linked stocks. Oil prices increased by over 1% following a drop, while gold and silver prices continued to decline. Investors are also awaiting December inflation data for Canada, set to be released on January 19."
datetime: "2026-01-16T11:23:12.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/272827408.md)
  - [en](https://longbridge.com/en/news/272827408.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/272827408.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/272827408.md) | [繁體中文](https://longbridge.com/zh-HK/news/272827408.md)


# CANADA STOCKS-TSX futures rise as oil steadies, Canada PM announces China trade deal

Jan 16 (Reuters) - Futures tracking Canada’s main stock index edged higher on Friday, as oil prices regained some lost ground and Prime Minister Mark Carney secured an initial trade deal with China.

March futures on Toronto’s S&P/TSX Composite Index (SXFcv1) were up 0.24% as of 5:42 a.m. ET. Canada and China have agreed to cut tariffs on electric vehicles and canola, Carney said on Friday, with both nations promising to tear down trade barriers while forging new strategic ties. China is the world’s largest canola seed buyer and halted imports from Canada last year amid a diplomatic dispute, tightening supplies and bringing its canola crushing industry to a standstill. China was a $4 billion canola seed market for Canada, according to Carney.

The benchmark index (.GSPTSE) closed at a record high on Thursday, as rising financial and industrial shares outweighed losses in commodity-linked stocks, which were dragged down by falling crude oil and precious metal prices.

But oil firmed on Friday, with traders assessing supply concerns, even as chances of a U.S. strike on Iran receded. Brent crude futures (LCOc1) and U.S. West Texas Intermediate crude (CLc1) rose more than 1%, after a 4% drop on Thursday. (O/R)

Spot gold (XAU=) and silver (XAG=) both extended the previous session’s losses as stronger-than-expected economic data from the U.S. tempered expectations for near-term Federal Reserve rate cuts. (GOL/)

On the macro front, investors await December inflation data for Canada due on January 19.

### FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report (.TO)

Canadian dollar and bonds report (CAD/) (CA/)

Reuters global stocks poll for Canada (EQUITYPOLL1) (EPOLL/CA)

Canadian markets directory (CANADA)

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