Nov 6 (Reuters) - Futures linked to Canada's main stock
index were little changed on Thursday, as higher commodity
prices helped offset broader market caution following the
benchmark's strongest session in three weeks.
The futures on the S&P/TSX index were flat as of
05:54 a.m. ET. Gains in oil, copper and gold prices lent
support, keeping prices from slipping into negative territory.
The S&P/TSX composite index closed 325.66 points,
or 1.1%, higher at 30,103.48 on Wednesday, marking its biggest
single-day gain since October 14. The rebound followed a string
of losses and, if sustained, could push the index's weekly
performance into positive territory.
Wednesday's rally was underpinned by upbeat U.S. economic
data. Services sector activity rose to an eight-month high in
October, driven by solid growth in new orders, while private
payrolls increased by 42,000, beating expectations.
The data helped ease investor concerns after top Wall Street
banks warned of a potential equity market correction, citing
stretched valuations. Those warnings had dragged the TSX to a
one-month low on Tuesday.
Gold soared above the $4,000-per-ounce level due to concerns
over a prolonged U.S. government shutdown and a weaker dollar.
Oil prices edged higher, and copper rose as well, snapping a
four-day decline, as selling pressure eased.
On the tariff front, U.S. Supreme Court justices raised
doubts over the legality of U.S. President Donald Trump's
sweeping tariffs in a case that could have implications for
markets across the globe.
On the corporate front, Canadian Natural Resources ( CNQ )
posted a fall in third-quarter profit, as weaker commodity
prices weighed on the results.