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CANADA STOCKS-TSX futures little changed ahead of October GDP data
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CANADA STOCKS-TSX futures little changed ahead of October GDP data
Dec 23, 2024 3:56 AM

Dec 23 (Reuters) - Futures tracking Canada's main stock

index were flat on Monday, as investors avoided placing big bets

ahead of key domestic economic data due later in the day.

The S&P/TSX index futures were up 0.01% at 06:13

a.m. ET (11:13 GMT).

Early estimates of Canada's gross domestic product data for

October show a 0.1% expansion on a monthly basis.

It is the last major Canadian economic indicator for the

year. Separately, producer prices data for November is also

expected later in the day.

Investors will also be able to go over the Bank of Canada's

summary of monetary policy deliberations by the Governing

Council for the December policy decision when it is released

later on Monday.

The central bank slashed its key policy rate by 50 basis

points earlier this month, but warned further easing will be

more gradual.

In commodities, gold prices eased in thin trading due to the

holiday season.

Oil prices nudged down, while the outlook for a supply

surplus next year weighed on the market.

The composite index ended higher on Friday after

six consecutive days of declines as investors welcomed U.S.

inflation data and looked past rising domestic political

uncertainty.

Wall Street futures rose on Monday as a last-minute

government funding bill averted a shutdown, while optimism about

cooling inflation started the holiday-shortened week on a

positive note.

In corporate news, labor union Unifor said on Sunday its

members at Canadian National Railway ( CNI ) have ratified a

new four-year collective agreement, averting a potential strike

action.

COMMODITIES

Gold: $2618.89; -0.07%

US crude: $69.18; -0.4%

Brent crude: $72.64; -0.41%

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 = 1.4392 Canadian dollars)

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