Oct 1 (Reuters) - Futures for Canada's main stock index
edged lower on Tuesday ahead of domestic and the U.S. economic
data that will provide insights on their interest rate paths,
while oil prices slid on prospects of additional supply.
December futures on the S&P/TSX index were down
0.1% at 6:25 a.m. ET (1025 GMT).
The Toronto Stock Exchange's S&P/TSX composite index
ended higher on Monday, notching its best quarter in
four years, boosted by energy and technology shares.
For September, the index rose 2.8%, while it was up 9.7% in
the third quarter, as the Bank of Canada cut interest rates
three times since June and after the Federal Reserve began its
own easing campaign last month.
For the day, energy sector will continue to remain
in focus as oil futures took a beating after a
stronger supply outlook and concerns of tepid global demand
outweighed fears over escalating conflict in the Middle East.
Materials group, which houses Canada's base and precious
metal miners, could see an impact after base metals ticked up,
rebounding from losses in the previous session triggered by
profit taking, as China's stimulus provided a cushion.
Gold prices were up and hovered below the record peak after
the U.S. Federal Reserve Chair Jerome Powell tempered
expectations for more hefty interest rate cuts this year.
Across the border, futures tied to Wall Street's main
indexes were mixed as investors awaited the U.S. jobs opening
data that will provide a more clear direction for the markets.
Back home, investors will closely monitor S&P Global's
manufacturing Purchasing Managers' Index (PMI) later in the day
for more clues on the health of the Canadian economy.
COMMODITIES AT 6:25 a.m. ET
Gold futures: $2660.0; +0.5%
US crude: $67.61; -0.8%
Brent crude: $71.21; -0.7%