Dec 17 (Reuters) - Futures linked to Canada's main stock
index nudged lower on Tuesday as oil and gold prices eased,
while investors focused on domestic inflation data and the U.S.
Federal Reserve's monetary policy meeting on Wednesday.
December futures on the S&P/TSX index were down
0.2% at 7:06 a.m. ET (12:04 GMT).
Domestic inflation data is due at 8:30 a.m. ET, with
consumer prices growth set to ease to 0.1% in November, from a
0.4% rise in the previous month. On a year-on-year basis,
inflation is seen holding steady at 2.0%.
The main stock index ended 0.5% lower on Monday,
at a near four-week low, after the abrupt resignation of Finance
Minister Chrystia Freeland. Public Safety Minister Dominic
LeBlanc was quickly named as finance minister of the minority
Liberal government.
Freeland's resignation left the government adrift less than
a month before the inauguration of a new U.S. administration
that could impose crippling sanctions on Canadian exports.
Canada's fiscal deficit for the year ended March came in at
C$61.9 billion ($43.45 billion) - about 50% more than what was
projected, according to the Fall Economic Statement.
In commodities, oil prices slipped as China's
economic data renewed demand concerns.
Gold and copper prices eased as the dollar
strengthened ahead of the U.S. Fed's meeting.
While the spotlight will be on the conclusion of the Fed's
two-day policy meeting on Wednesday, investors will try to gauge
the path of interest rates in the new year. Traders expect a
94.2% chance of a 25-basis-point rate cut at the meeting.
Meanwhile, Wall Street futures dipped ahead of retail sales
data.
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report
Canadian dollar and bonds report
Reuters global stocks poll for Canada
Canadian markets directory