(Reuters) – Futures for Canada’s main stock index slipped on Tuesday as weakness in copper and oil prices weighed down on the underlying stocks, while investors awaited the Bank of Canada’s interest rate decision on June 5.
June futures on the S&P/TSX index were down 0.8% at 6:41 a.m. ET (10:41 GMT).
The materials sector is expected be grab the spotlight, with copper prices dipping below the key mark of $10,000 a metric ton for the first time in three weeks, as consolidation continued due to lacklustre demand from top consumer China. [MET/L]
Energy shares, which account for 20% of the Toronto market’s weighting, continued to be in focus as oil prices fell more than $1 on Tuesday, extending losses from a four-month low in the previous session. [O/R]
Investors remained on edge ahead of the Canada’s monetary policy decision due on Wednesday, where the country’s central bank…
