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June 25 - Futures linked to Canadian stocks were subdued on Tuesday, hurt by a decline in crude prices, while investors turned cautious ahead of the domestic inflation data that could further solidify expectations from the Bank of Canada to cut interest rates further.All eyes will be on the Consumer Price Index numbers at 08:30 a.m. ET that could give assurance to Canadian policymakers before they slash the borrowing costs in July.
BoC Governor Tiff Macklem on Monday said there is enough slack in the Canadian labor market to allow for growth and job creation even as inflation slows. Copper was marginally up as the U.S. dollar eased slightly but subdued demand in China kept gains in check. On the flip side, gold prices remained muted ahead of key U.S. inflation data.
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