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2025.12.1713:18:17UTC+00TSX Futures Edge Higher as Oil and Gold Rally

Futures for the S&P/TSX Composite Index inched up on Wednesday, following a three-day decline in the benchmark index. This increase was bolstered by higher oil and gold prices, which are crucial to this commodity-focused index. Oil prices surged after U.S. President Trump implemented a total blockade on sanctioned oil tankers heading to or from Venezuela, benefiting Canada's major energy producers. Additionally, gold and silver prices rose as expectations grew that the Federal Reserve would implement further interest rate cuts in the following year, aiding local mining operations. In a separate development, cannabis stocks gained traction amid reports suggesting that President Trump might soon sign an executive order to expedite the reclassification of cannabis.

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