17.11.202513:48:18UTC+00TSX Futures Slip as Investors Eye Data Flow

Futures for Canada’s S&P/TSX Composite Index declined slightly on Monday as investors turned their attention to new economic indicators from both Canada and the United States. Canada's annual inflation rate softened to 2.2% in October, while core rates monitored by the Bank of Canada remained close to the 3% mark, supporting the central bank's forecast that further rate cuts are unlikely. Declining gold prices exerted pressure on Canadian mining stocks, though rising oil prices provided a boost to major producers. In corporate developments, Barrick Mining’s board is evaluating a potential restructuring that could see the company split into two distinct entities. Simultaneously, the resolution of the extended US government shutdown means that significant economic reports, particularly employment figures, will resume this week, offering critical insights to the Federal Reserve.