TSX Futures Fall Due to US-China Trade War

Source Credit : Reuters

Futures linked to Canada’s main stock index edged lower on Monday, with U.S. President Donald Trump’s tariff policy in focus and investors awaiting a slew of key corporate earnings reports this week.

By 06:59 ET , the S&P/TSX 60 index standard futures contract had slipped by 3 points, or 0.2%.

The Toronto Stock Exchange’s S&P/TSX composite index rose by 86.02 points, or 0.4%, in its prior session on Thursday, notching its highest closing mark since April 3. The average ticked up by 2.6% in a holiday-shortened week, the biggest such advance since September.

Underpinning some positive sentiment were expectations that the Bank of Canada will resume cutting interest rates in the coming months, after keeping borrowing costs on hold on Wednesday. Rate-sensitive sectors like real estate and utilities rose.