- Futures for Canada 's main stock index inched higher on Monday tracking a recovery in global markets as they recouped some losses from the previous week on easing Middle East tensions, while a fall in commodity prices capped gains.
The Toronto Stock Exchange's S&P/TSX composite index had, however, ended up 0.5% on Friday, as energy and interest rate-sensitive shares notched gains. On the commodities front, gold prices fell more than 1% as easing fears of a wider Middle East conflict boosted investors' risk appetite, while copper prices moved upwards.
Investors will monitor the datasets for more clues on the timing of interest rate cuts in the year by central banks at home and the U.S. In company news, Gildan Activewear recommended the election of two Browning West nominees to its board on Monday, ahead of its annual and special shareholder meeting on May 28.
Source: News Formal (newsformal.com)
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