Jan 18 (Reuters) – Futures for Canada’s main stock index rose on Thursday as crude and metal prices rebounded, while investors await more economic data to firm bets on the interest rate path of global central banks.
March futures on the S&P/TSX index were up 0.4% at 6:57 a.m. ET (1157 GMT), mirroring gains at their Wall Street peers.
Oil prices rose as the International Energy Agency supported OPEC in forecasting strong global demand growth this year, with U.S. output disruption and Middle East tensions further strengthening prices.
A weaker dollar lifted prices of most metals, with copper prices rebounding from their six-week lows. The safe-haven appeal of gold boosted the price of the precious metal.
Investors will look to domestic retail sales data, due on Friday, for hints about the Bank of Canada’s monetary policy path, ahead of the central bank’s meeting in the upcoming week.
Across the border, weekly job claims data in the U.S.,…
