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CANADA STOCKS-TSX futures tick higher on gold, oil tailwind; markets brace for data-packed week
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CANADA STOCKS-TSX futures tick higher on gold, oil tailwind; markets brace for data-packed week
Nov 3, 2025 4:03 AM

Nov 3 (Reuters) - 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.

December futures on the S&P/TSX index were up 0.32%

at 06:12 a.m. ET.

Investors are awaiting Canada's October manufacturing PMI,

due at 8:30 a.m. ET, followed by employment data later in the

week.

In the United States, attention turns to private sector jobs

and labor components in business activity surveys, as markets

navigate the absence of their usual economic benchmarks amid a

government shutdown.

Brent crude futures rose 0.2% after OPEC+ decided to hold

off production hikes in the first quarter of next year, while

bullion prices gained, helped by expectations of further U.S.

interest rate cuts after comments from the U.S. Federal Reserve

Board's Christopher Waller.

On Friday, the S&P/TSX composite index gained

81.76 points, or 0.3%, to 30,260.74. For the month, it was up

0.8%, marking the sixth straight monthly advance, the longest

such streak since 2021.

Meanwhile, markets also kept an eye on U.S.-Canada tensions

after Canadian 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 ( TECK ), according to a

letter seen by Reuters.

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