Futures for Canada's main stock index were little changed on Monday as investors awaited the outcome of the Bank of Canada and the U.S Federal Reserve's policy meetings later in the week.
The TSX dumped 166.16 points, to close Friday at 31,311.41, dipping on the week by more than 87 points, or 0.26%.
December futures were flat Monday.
The Canadian dollar sprang 0.15 cents to 72.42 cents U.S.
Stronger-than-expected jobs data has cemented expectations of the BoC holding rates. Currently, 97% of traders expect the central bank to hold later this week, with rates expected to increase in 2026, according to a Reuters poll.
The BoC has eased the borrowing rate by one percentage point since the start of the year.
Among corporate updates, Anglo American said it withdrew a proposal to change executive directors' bonus awards from a shareholder vote on its merger with Teck Resources, after investors raised concerns about the policy.
Teck shareholders are scheduled to vote on the merger on December 9.
ON BAYSTREET
The TSX Venture Exchanged retreated 8.78 points Friday to 939.76. This past week, the index sagged 2.42 points, or 0.26%.
ON WALLSTREET
Stock futures were relatively unchanged on Monday, following another winning week for Wall Street, as investors look toward the Federal Reserve meeting.
Futures for the Dow Jones Industrials gained 18 points to 48,019.
Futures for the S&P 500 improved seven points, or 0.1%, to 6,885.25.
Futures for the NASDAQ jumped 51.75 points, or 0.2%. to 25,783.75.
Monday’s action comes after a second positive week in a row for the three major indexes.
There is no economic data of note due Monday, but the New York Fed is releasing its survey of consumer expectations in the morning. Investors will keep an eye on earnings from companies such as Lululemon, Costco, Broadcom, Oracle and Adobe slated for this week.
Traders have grown increasingly hopeful over recent weeks that the Fed will lower interest rates at the Federal Open Market Committee meeting, which is the final one of the year. Fed funds futures are pricing in a roughly 88% chance of a decrease, up from under 67% a month ago.
Overseas, the Nikkei 225 in Japan poked up 0.2% Monday, while in Hong Kong, the Hang Seng Index dived 1.2%.
Oil prices fell 64 cents to $59.44
Gold prices sank $3.10 to $4,239.90.
