(Reuters) – Futures tracking Canada’s main stock index edged up on Friday, as metal prices gained, while investors awaited economic data, due later in the day, for clues on the Bank of Canada’s (BOC) monetary policy path.
March futures on the S&P/TSX index were up 0.1% at 7:36 a.m. ET (1236 GMT).
Gold drifted higher on Friday, buoyed by a weaker U.S. dollar, but was set to log its biggest weekly decline in six after the Federal Reserve countered wider market expectations of an early interest rate cut.[GOL/]
Copper prices rebounded from the previous session’s six-week low supported by technical factors and lower availability of stocks. [MET/L]
Domestic retail sales data, which are scheduled at 8:30 a.m. ET, could offer insights on when the BOC could start cutting interest rates. The central bank is set to meet in the upcoming week.
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