Futures linked to Canada's main stock index were muted on Thursday as losses in gold prices countered investor optimism around US rate-cut hopes in September, reports Reuters.
September futures on the S&P/TSX index were unchanged at 0.0 per cent at 6:51 a.m. ET (10:51 GMT).
Materials shares will be in the spotlight as gold prices fell on a firm dollar, while copper prices rose.
The energy sector will also remain in focus as oil prices edged higher.
The S&P/TSX composite index notched a record high in the previous session, boosted by tech shares on increased prospects of lower borrowing costs globally.
Minutes from the U.S. Federal Reserve's July policy meeting showed on Wednesday a "vast majority" of policymakers said a September rate cut would be likely.
Data-wise, investors will now parse through weekly jobless claims and purchasing managers index surveys out of the United States, which can shed more insight into the health of the economy.
However, the event of the week will be Fed Chair Jerome Powell's speech at the Jackson Hole Economic Symposium on Friday.
TSX futures muted as losses in gold offset US rate-cut hopes
FE Team | Published: August 22, 2024 23:40:07
TSX futures muted as losses in gold offset US rate-cut hopes
Share if you like