June 10 (Reuters) – Futures for Canada’s main stock slipped on Monday as global investor sentiment remained cautious ahead of key U.S. economic data that could help gauge the timing and scope of monetary policy easing this year.
Futures on the S&P/TSX index were down 0.2% at 6:14 a.m. ET (1014 GMT).
Wall Street futures also dipped as investors geared up for Wednesday’s U.S. consumer prices data and the Federal Reserve’s monetary policy meeting, which could drive market action and determine the country’s rate-cut path.
While the Bank of Canada has already initiated monetary policy easing with a 25 basis points cut last week, investors are betting on a 47% probability on a Fed rate cut in September. 0#FEDWATCH
The Toronto Stock Exchange’s S&P/TSX composite index (.GSPTSE), opens new tab ended lower on Friday, marking its third straight weekly decline, as strength in recent U.S. data persuaded investors to pull back on Fed rate-cut…
