Oct 28 (Reuters) - Futures for Canada's main stock index
fell slightly on Monday as losses in crude prices were limited
by Wall Street futures, while investors awaited major corporate
earnings and economic data later this week.
December futures on the S&P/TSX index were down
0.07% at 6:22 a.m. ET (10:22 GMT).
Canada's energy sector could witness a dramatic fall as oil
prices plunged more than 6% after Israel's limited retaliatory
strike against Iran did not disrupt energy supplies.
The materials sector could take its cues from gold prices,
which edged lower on firmer dollar and Treasury yields, and
copper prices that slipped on demand worries from China.
Wall Street futures surged as S&P 500 E-minis and
Nasdaq 100 E-minis rose 0.6% and 0.8%, respectively.
The TSX composite index ended lower on Friday for
a fifth straight session, hit by losses in real estate and
consumer discretionary sectors, while also posting a 1.45%
weekly decline.
On Monday, Bank of Canada Governor Tiff Macklem is scheduled
to speak at The Logic Summit conference at 1:30 p.m. ET.
Investors will look for major North American corporate
earnings and economic data later this week.
Quarterly earnings from megacaps such as Alphabet,
Apple ( AAPL ) and Microsoft ( MSFT ) will steal the spotlight,
while domestic investors will also monitor results from Canadian
Natural Resources ( CNQ ) and Enbridge ( ENB ).
October U.S. nonfarm payrolls and Canada's August gross
domestic product reports could also affect the markets.
The U.S. presidential election has entered its final stretch
and market bets have been favoring a second Donald Trump
administration in recent weeks.
In corporate news, forest products company Canfor ( CFPZF )
reported its third-quarter results on Friday.
COMMODITIES
Gold: $2,720.00; -0.7%
US crude: $67.21; -6.4%
Brent crude: $71.37; -6.2%
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($1 = 1.3894 Canadian dollars)