(Reuters) – Futures for Canada’s main stock index drifted higher on Friday, tracking a rise in commodity prices and upbeat megacap earnings on Wall Street, while some caution ahead of a key inflation reading in the United States contained gains.
June futures on the S&P/TSX index were up 0.2% at 6:26 a.m. ET (10:26 GMT).
Energy shares are set to register weekly gains as oil prices rose after a top U.S. official expressed optimism over economic growth and as supply concerns lingered due to conflicts in the Middle East. [O/R]
Gold prices erased some of their weekly losses, driven by mixed U.S. economic data and underlying strength from China’s gold demand, while copper prices in London hit a two-year high and surpassed $10,000 a metric ton on Friday. [GOL/] [MET/L]
Meanwhile, futures on Wall Street also advanced after robust earnings from Microsoft and Alphabet caused a…
