April 24 (Reuters) – Futures for Canada’s main stock index were subdued on Wednesday as declines in gold and oil prices were offset by optimistic investor sentiment in the United States.
June futures on the S&P/TSX index were flat at 6:33 a.m. ET (10:33 GMT).
Gold prices extended their fall, partly weighed down by hedge fund reductions and easing tensions of a major escalation in the Middle East.
Oil prices trended lower as industry data showed a surprise drop in U.S. crude stocks last week, and a drop in business activity from the world’s largest oil consumer.
Meanwhile, S&P 500 and Nasdaq futures gained on Wall Street on a boost by growth stocks as investors lauded upbeat earnings from mega-cap Tesla (TSLA.O), opens new tab.
On the data front, a March reading of retail sales data is due at 8:30 a.m. ET in Canada, that could offer some more insight on the state of inflation in the country.
All data in Canada is on the radar after Bank of…
