TSX futures muted as traders await data from Canada, US

The facade of the original Toronto Stock Exchange building is seen in Toronto

The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. REUTERS/Chris Helgren/File Photo Acquire Licensing Rights

Aug 29 (Reuters) – Futures tied to Canada’s main stock index were muted on Tuesday as traders waited for a slew of economic data later this week from the U.S. and Canada that would offer more clues on the central banks’ interest rate paths.

September futures on the S&P/TSX index was up 0.01% at 7:02 a.m. ET (1102 GMT), mirroring sentiment on Wall Street.

Among economic data set for release this week include Canada’s second-quarter GDP, U.S. personal consumption expenditures price index and non-farm payrolls.

Data on U.S. job openings figures is due later on Tuesday and will likely indicate the state of the U.S. economy.

Canada’s second-quarter GDP report is due on Friday and will likely show a sharp slowdown in economic growth, a Reuters poll of economists showed.

In commodities, base metals rose on policy support measures announced by top consumer China and a softer dollar.

Oil prices also rose, while gold ticked higher as bond yields declined.

On the companies front, Bank of Montreal (BMO.TO) and Bank of Nova Scotia (BNS.TO) reported a decline in third-quarter profits as the two Canadian lenders set aside more rainy-day funds to cover potential losses from loan defaults.

The Toronto Stock Exchange’s S&P/TSX composite index (.GSPTSE) ended 0.95% higher on Monday, hitting a two-week high.


Gold futures : $1,920.7; +0.1%

US crude : $80.72; +0.8%

Brent crude : $85.06; +0.8%

($1= C$1.3614)

Reporting by Siddarth S in Bengaluru, Editing by Tasim Zahid

Our Standards: The Thomson Reuters Trust Principles.

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