Futures tracking Canada's main stock index slipped on Monday as investors took a breather after solid gains in November, while awaiting a slew of bank earnings later this week.
The TSX popped 186.07 points by the end of the day and the week at 31,382.78. On the week, the index triumphed 1,232.13 points, or 4.1%.
December futures were down 0.3% Monday.
The Canadian dollar eased back 0.02 cents to 71.56 cents U.S.
Major Canadian banks are set to post earnings over the next few days, setting the tone for markets. Financial companies hold nearly a third of the weight on the TSX index.
In corporate updates, four Malian employees of Barrick Mining were released from prison after an agreement that resolved all disputes over the Loulo-Gounkoto gold mining complex, three sources told Reuters.
On the economic slate, the Markit Canada Manufacturing PMI for November was due out this morning (about 9:30 a.m. EST).
ON BAYSTREET
The TSX Venture Exchanged vaulted 15.26 points Friday, or 1.7%, to 937.34, for a gain on the week of 82.5 points, or 10.1%.
ON WALLSTREET
Stock futures fell on Monday, following crypto prices lower, as volatility continued following a choppy November.
Futures for the Dow Jones Industrials sank 192 points, or 0.4%, to 47,551
Futures for the S&P 500 backed off 44.25 points, or 0.7%, to 6,814.75.
Futures for the NASDAQ stumbled 218.50 points, or 0.9%, Monday to 25,263.50
Nvidia shares dipped around 1% before the bell along with AMD. Broadcom slipped 0.7%. Oracle shares slid nearly 1%.
Bitcoin, the flagship cryptocurrency, dropped more than 5% to trade below $87,000. The digital currency late last month fell below $90,000 for the first time since April and has since struggled to stay above that mark.
Wall Street is coming off a strong week. The S&P 500 and NASDAQ Composite last week ripped higher by 3.7% and 4.9%, respectively, while the Dow advanced 3.2%.
But the market turned turbulent and was anything but smooth sailing in November. The S&P 500 and Dow closed flat for the month, while the NASDAQ shed 1.5% to snap a seven-month advance. At one point in November, the NASDAQ was down nearly 8% from the October close.
Concerns around artificial intelligence stock valuations put pressure on the major averages during the month.
Overseas, the Nikkei 225 in Japan dipped 1.9%, while in Hong Kong, the Hang Seng Index moved ahead 0.7%.
Oil prices took on 73 cents to $59.28
Gold prices shone brighter $31.30 to $4,286.50.
