(Reuters) – Futures for Canada’s main stock index fell slightly on Monday as losses in crude prices were limited by Wall Street futures, while investors awaited major corporate earnings and economic data later this week.
December futures on the S&P/TSX index were down 0.07% at 6:22 a.m. ET (10:22 GMT).
Canada’s energy sector could witness a dramatic fall as oil prices plunged more than 6% after Israel’s limited retaliatory strike against Iran did not disrupt energy supplies. [O/R]
The materials sector could take its cues from gold prices, which edged lower on firmer dollar and Treasury yields, and prices that slipped on demand worries from China. [GOL/] [MET/L]
Wall Street futures surged as E-minis and E-minis rose 0.6% and 0.8%, respectively. [.N]
The TSX composite index ended lower on Friday for a fifth straight session, hit by losses in real estate and consumer discretionary sectors, while also posting a 1.45% weekly decline.
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