April 15 (Reuters) - Futures for Canada's main stock
index inched up on Monday, supported by rising gold prices,
after it logged its worst day in nearly two months in the
previous session.
June futures on the S&P/TSX index were up 0.2% at
6:43 a.m. ET (10:43 GMT), mirroring gains in their Wall Street
peers.
The Toronto Stock Exchange's S&P/TSX composite index
fell 0.95% on Friday, in its biggest decline since
February, as investors took stock of recent gains and the risk
of a wider conflict in the Middle East.
The index posted a weekly decline of 1.6%, snapping its
eight-week winning streak after hotter-than-expected inflation
data threw cold water on hopes that the Federal Reserve would
begin cutting interest rates as early as June.
Commodity-wise, spot gold prices hovered near
record-high levels on Monday, as traders monitored developments
surrounding the Middle East conflict, prompting safe-haven
buying of assets, while copper prices drifted higher.
Meanwhile, oil prices slipped about 1%, with the market
downplaying the risk of broader regional conflagration after
Iran's attack on Israel.
On the data front, a March reading of retail sales, due in
the U.S. at 8:30 a.m. ET, could provide some insight on the
state of consumer spending in the economy.
Across the border, big banks kickstarted another earnings
season on Friday. Goldman Sachs ( GS ) and brokerage Charles
Schwab ( SCHW ) are due to report their quarterly figures before
the bell on Monday.
In Canadian corporate news, proxy advisory firms ISS and
Glass Lewis have recommended investors in Canada's Rogers
Communications ( RCIAF ) to vote against reappointing Chairman
Edward Rogers due to lack of enough women on the company's
board, Bloomberg News reported on Friday.
COMMODITIES AT 6:43 a.m. ET
Gold futures: $2,354; -0.3%
US crude: $84.9; -0.9%
Brent crude: $89.74; -0.8%