(Reuters) -Futures tied to Canada’s main stock index edged lower on Friday as investors awaited domestic GDP and U.S. inflation data.
Futures for Toronto’s S&P/TSX index were down 0.2% at 1,752.50 points by 06:09 a.m. ET (1009 GMT), after three straight sessions of declines.
Markets will assess domestic GDP data and U.S. Personal Consumption Expenditures Index, the Fed’s preferred inflation gauge, for hints on monetary policy on both sides of the border.
Data coming out of the U.S. on Thursday pointed towards a stronger-than-expected growth in the economy and lowered rate cut expectations.
U.S. President Donald Trump announced a fresh set of tariffs on branded drugs, heavy-duty trucks and kitchen cabinets that are set to come into effect next week.
Meanwhile, Canada Post workers went on a nationwide strike on Thursday after the government called for a widespread transformation in a bid to modernize operations and strengthen finances.
Canada’s anti-money laundering agency imposed its largest ever penalty of C$19.6 million ($14.09 million) on Peken Global Limited, operator of one of the world’s largest cryptocurrency exchanges, KuCoin.
In commodities, gold was steady ahead of U.S. inflation data while oil prices edged up on Russia curbing fuel exports.
Canada’s TSX index ended lower on Thursday, dragged down by technology shares, but the decline was limited after U.S. GDP data showed a stronger-than-expected growth.
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report [.TO]
Canadian dollar and bonds report [CAD/] [CA/]
Reuters global stocks poll for Canada
Canadian markets directory
(Reporting by Twesha Dikshit; Editing by Sahal Muhammed)
Comments