TSX futures subdued ahead of employment data
Timilehin Adejumobi
1 min read
Futures for Canada’s main stock index were little changed on Thursday as investors remained cautious ahead of domestic employment data, while a drop in oil and gold prices added to the pressure.
June futures on the S&P/TSX index were flat at 6:41 a.m. ET.
Canada’s employment change and unemployment rate for March is due at 8:30 a.m. ET, which could provide clues for the Bank of Canada’s (BoC) monetary policy path next week.
Traders are presently sticking to their bets that the BoC will hold rates.
The Toronto Stock Exchange’s S&P/TSX composite index (.GSPTSE) ended lower for a second day on Wednesday as technology and industrial shares slid and economic data fueled worries that the U.S. economy was headed for a recession.
Investors will also be on the lookout for U.S. weekly jobless claims data, for more clues on the state of the labor market, amid recent signs of cooling inflation and fears of an economic downturn.
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