Futures tied to Canada's main stock index rose on Thursday as crude and metal prices gained, while investors remained on the edge ahead of the U.S. economic ...
- Futures tied to Canada's main stock index rose on Thursday as crude and metal prices gained, while investors remained on the edge ahead of the U.S. economic data sets .The energy sector was in focus as oil prices rose amid possible delay to output increases by OPEC+ producers.
The Canadian central bank announced its third consecutive rate cut this year citing weak growth, while hinting a larger reduction could be in order if the economy demands a boost. Traders will also look forward to the nonfarm payrolls report due Friday to assess the U.S. labor market's health before the monetary policy easing cycle.
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