financetom
World
financetom
/
World
/
CANADA STOCKS-TSX futures fall on lower oil prices; domestic jobs data on tap
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
CANADA STOCKS-TSX futures fall on lower oil prices; domestic jobs data on tap
Nov 9, 2024 1:01 PM

Nov 8 (Reuters) - Futures tied to Canada's main stock

index slipped on Friday, hurt by losses in crude prices, while

investors shifted their focus to key domestic jobs data due

later in the day.

December futures on the S&P/TSX index were down

0.7% at 6:08 a.m. ET (11:08 GMT).

Canada's energy sector could come under pressure as oil

prices fell due to reduced concerns about a hurricane in the

Gulf of Mexico impacting U.S. oil and gas output.

The materials sector grabbed focus as gold prices fell, set

for their biggest weekly fall in over five months, as markets

assessed Trump's victory and its potential impact on the U.S.

interest rate trajectory.

Copper prices also fell as the top consumer China's latest

policy support came below market expectations.

Investors will closely watch Canada's October unemployment

rate at 8:30 a.m. ET to get possible clues on the Bank of

Canada's interest rate decision next month.

The top bank slashed its key policy rates by 50 basis points

last month, and traders see a 64% chance for a similar reduction

in December.

On Thursday, the U.S. Federal Reserve cut interest rates by

a quarter of a percentage point, while also adding that Trump's

return would not have a "near-term" impact on monetary policy.

The composite index hit a record closing high on

Thursday as it extended its rally from a day before after Donald

Trump's victory.

Equities around the globe have mostly benefited this week

after Trump's reelection due to his proposed tax cuts and looser

regulations on corporations.

Back home, Lundin Mining ( LUNMF ) reported third-quarter

earnings below analysts' estimates.

COMMODITIES

Gold: $2,688.6; -0.6%

US crude: $71.13; -1.7%

Brent crude: $74.52; -1.5%

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report

Canadian dollar and bonds report

Reuters global stocks poll for Canada

Canadian markets directory

($1 = 1.3887 Canadian dollars)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Japanese investors are leaving the reflation trade to foreigners
Japanese investors are leaving the reflation trade to foreigners
Sep 2, 2025
(Corrects the timing of BOJ's exit from easy policy in fourth paragraph) By Gregor Stuart Hunter SINGAPORE (Reuters) -Japanese financial markets are undergoing a long-awaited reflation trade. There's just one missing factor: the Japanese investor. Foreign buyers have been in the driving seat of a rally that has driven Tokyo shares to record highs last month and coincided with an...
Japan's super-long bonds fall as PM Ishiba's aide intends to resign
Japan's super-long bonds fall as PM Ishiba's aide intends to resign
Sep 2, 2025
TOKYO, Sept 3 (Reuters) - Japan's super-long dated bonds fell, sending the yields to record high levels, as the market revived concerns about the nation's financial health after Prime Minster Shigeru Ishiba's close aide intended to resign from his post. The 30-year JGB yield jumped 8 basis points (bps) to a record high of 3.28%. The 20-year JGB yield rose...
GLOBAL MARKETS-Long bond yields rise, gold hits record on fiscal concerns
GLOBAL MARKETS-Long bond yields rise, gold hits record on fiscal concerns
Sep 2, 2025
TOKYO, Sept 3 (Reuters) - A global slide in long-dated bonds extended into Asia on Wednesday, while gold climbed to a new peak as concerns mounted over government debt and economic growth. The 30-year Japanese government bond (JGB) yield hit an unprecedented 3.255%, following a run-up in similarly dated gilts and Treasuries overnight. Japan's Nikkei gauge of shares opened lower,...
Long bond yields rise, gold hits record on fiscal concerns
Long bond yields rise, gold hits record on fiscal concerns
Sep 2, 2025
TOKYO (Reuters) -A global slide in long-dated bonds extended into Asia on Wednesday, while gold climbed to a new peak as concerns mounted over government debt and economic growth. The 30-year Japanese government bond (JGB) yield hit an unprecedented 3.255%, following a run-up in similarly dated gilts and Treasuries overnight. Japan's Nikkei gauge of shares opened lower, following declines on...
Copyright 2023-2026 - www.financetom.com All Rights Reserved