Markets: Toronto index futures tilt lower ahead of U.S. inflation data

By Tahani Elghazaly
Published February 13, 2026

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Futures tied to Canada’s main equity benchmark edged lower in pre-market trading, as investors positioned ahead of the U.S. January inflation report and assessed what it could mean for rate expectations and risk appetite.

By 6:56 a.m. ET, the S&P/TSX 60 futures contract was down about 5 points, or 0.3%. The move followed a sharp Thursday decline in the S&P/TSX Composite, which ended down 2.4% at 32,465.28, led by weakness in materials, industrials and technology.

The CPI release was scheduled for Friday, February 13, 2026 at 8:30 a.m. ET, a datapoint closely watched for clues on the path of U.S. interest rates.

Later update: The report showed U.S. consumer prices rose 0.2% m/m in January and 2.4% y/y, below expectations, helping revive hopes for easing later this year. Canada’s benchmark later opened higher, with the S&P/TSX Composite up 0.41% at 32,599.69 by 9:33 a.m. ET.