Dec 31 (Reuters) - Futures linked to Canada's main stock index dipped on Wednesday, dragged down by softening metal prices ahead of the final trading session of 2025, putting a slight damper on a year that has seen the benchmark hit historic highs.
March futures on the S&P/TSX index were down 0.3% as of 06:36 a.m. ET.
The S&P/TSX Composite index extended its retreat for a third consecutive session on Tuesday, as weakness in Wall Street technology stocks spilled over to their Canadian peers.
Despite the late-year pullback, the commodity-heavy benchmark remains positioned for both monthly and yearly advances. With a 1.5% gain thus far in December, the index is on track for its eighth straight monthly rise, a streak not witnessed since 2017.
The TSX's nearly 29% surge this year also positions it for the strongest annual close since 2009, marking its third consecutive yearly gain.
The robust performance has been underpinned by soaring gold and silver prices amid heightened geopolitical tensions, which boosted miners' shares, and advances in heavyweight financial stocks. The two sectors collectively represent about two-thirds of the index.
Putting pressure on futures early on Wednesday, gold and silver prices slipped, after record runs that saw prices of the two precious metals skyrocket in 2025.
Oil , prices were steady, even as increased geopolitical tensions around the world raised concerns over supply.
Trading volumes are expected to be thin as investors prepare for the New Year holiday.
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Reporting by Avinash P in Bengaluru; Editing by Jonathan Ananda
Source: Reuters