Canada's main stock index futures edged higher on Monday, lifted by an uptick in gold and oil, as investors brace for a data-heavy week on the domestic front.
The TSX gained 81.76 points to end Friday’s session at 30,260.74.
On the week, the index dived 92 points, or 0.3%.
December futures climbed 0.3 % Monday.
The Canadian dollar fell 0.11 cents to 71.23 cents U.S.
Meanwhile, markets also kept an eye on U.S.-Canada tensions after Prime Minister Mark Carney said on Saturday he apologized to U.S. President Donald Trump over an anti-tariff political ad, and urged Ontario Premier Doug Ford not to run it.
The ad had prompted Trump to announce higher tariffs on Canadian goods and led Washington to halt trade talks with Ottawa.
On the corporate front, activist fund Palliser Capital has intensified pressure on Rio Tinto to mount a "now or never" counterbid for Teck Resources, according to a letter seen by Reuters.
On the economic schedule, Markit Canada was out Monday (about 9:30 a.m. EST) with its Manufacturing PMI report for October.
ON BAYSTREET
The TSX Venture Exchange recharged 4.56 points Friday to 957.88. On the week, the index lost 5.8 points, or 0.6%.
ON WALLSTREET
S&P 500 futures rose on Monday, led by tech, as a new month of trading began.
Futures for the Dow Jones Industrials dipped 62 points, or 0.1%, to 47,660.
Futures for the much broader index surged 13.25 points, or 0.2%, to 6,887.25.
Futures for the NASDAQ popped 136.50 points, or 0.5%, to 26,140.50.
Micron Technology gained 3% to lead chipmaker stocks higher. Nvidia and AMD were up about 2% and 1%, respectively. Other tech names such as Meta Platforms and Palantir also gained in the premarket.
Wall Street is coming off a winning session that added to the benchmark’s October gains. The S&P 500 improved 2.3% and Dow climbed 2.5%, for the month. The NASDAQ outperformed, gaining 4.7%.
Those gains were driven in part by continued momentum in the artificial intelligence trade as well as signs of easing trade tensions between the U.S. and China.
Investors also kept an eye on Washington, as the U.S. government remains shut down. The stoppage has delayed several key economic data releases, including the monthly jobs report.
On top of that, the Supreme Court is expected to hear oral arguments on legality of the Trump administration’s tariffs.
In Japan, markets were closed for the holiday Monday, while in Hong Kong, the Hang Seng zoomed 1%.
Oil prices deducted 10 cents to $60.88 U.S. a barrel.
Gold prices added $29.20 to $4,025.70 U.S. per ounce.
