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HomeNewsGlobal NewsTSX Investors on Alert: High-Stakes Inflation Data Looms as Futures Experience a...

TSX Investors on Alert: High-Stakes Inflation Data Looms as Futures Experience a Slide

TSX Investors

Futures for Canada’s major stock index dipped on Tuesday after a decrease in metal prices, while investors prepare for vital Canadian inflation data, coming later in the day, hoping for signals about the Bank of Canada’s monetary policy.

March futures on the S&P/TSX index were down 0.6% at 7:14 a.m. ET (12:14 GMT).

A firmer dollar and higher U.S. Treasury rates dragged prices of gold and copper lower, while copper losses were contained by stimulus prospects in China. [GOL/] [MET/L]

A December reading of domestic inflation statistics is scheduled at 8:30 a.m. ET and might give possible clues on when the Bank of Canada could start decreasing borrowing costs.

On a monthly basis, CPI is predicted to decrease 0.3% in December vs a 0.1% increase in November, according to a Reuters survey of experts.

Money markets are presently pricing-in approximately 83% possibility of a rate drop from the BoC in April, with a 17% probability of no rate move.

Oil prices increased on Tuesday as investors considered the implications of growing tensions in the Middle East. [O/R]

U.S. futures crept down on Tuesday as Apple (NASDAQ:AAPL) and Tesla (NASDAQ:TSLA) lost 2% apiece, while investors gauged earnings from key U.S. banks to judge the strength of capital markets and dealmaking. [.N]

The Toronto Stock Exchange’s S&P/TSX composite index closed higher at 21,061.88 on Monday, stopping just shy of the 20-month high it reached last Monday. (TO)

On the business front, Canadian miner First Quantum Minerals (OTC:FQVLF) on Monday, said it aims to save funds after it was forced to cease operations at its Cobre Panama copper mine.

U.S.-listed shares of Barrick Gold (NYSE:GOLD) were down over 2% in premarket trade, after it stated its all-in-sustaining costs (AISC) per ounce of gold in the fourth quarter climbed from the previous quarter.

COMMODITIES AT 7:14 a.m. ET

Gold futures: $2,042.8; -0.4% [GOL/]

US crude: $72.89; +0.3% [O/R]

Brent crude: $78.68; +0.7% [O/R]

TSX Investors TSX Investors TSX Investors TSX Investors TSX Investors TSX Investors TSX Investors TSX Investors TSX Investors TSX Investors TSX Investors TSX Investors

March futures on the S&P/TSX index were down 0.6% at 7:14 a.m. ET (12:14 GMT).

A firmer dollar and higher U.S. Treasury rates dragged prices of gold and copper lower, while copper losses were contained by stimulus prospects in China. [GOL/] [MET/L]

A December reading of domestic inflation statistics is scheduled at 8:30 a.m. ET and might give possible clues on when the Bank of Canada could start decreasing borrowing costs.

On a monthly basis, CPI is predicted to decrease 0.3% in December vs a 0.1% increase in November, according to a Reuters survey of experts.

Money markets are presently pricing-in approximately 83% possibility of a rate drop from the BoC in April, with a 17% probability of no rate move.

Oil prices increased on Tuesday as investors considered the implications of growing tensions in the Middle East. [O/R]

U.S. futures crept down on Tuesday as Apple (NASDAQ:AAPL) and Tesla (NASDAQ:TSLA) lost 2% apiece, while investors gauged earnings from key U.S. banks to judge the strength of capital markets and dealmaking. [.N]

The Toronto Stock Exchange’s S&P/TSX composite index closed higher at 21,061.88 on Monday, stopping just shy of the 20-month high it reached last Monday. (TO)

On the business front, Canadian miner First Quantum Minerals (OTC:FQVLF) on Monday, said it aims to save funds after it was forced to cease operations at its Cobre Panama copper mine.

U.S.-listed shares of Barrick Gold (NYSE:GOLD) were down over 2% in premarket trade, after it stated its all-in-sustaining costs (AISC) per ounce of gold in the fourth quarter climbed from the previous quarter.

March futures on the S&P/TSX index were down 0.6% at 7:14 a.m. ET (12:14 GMT).

A firmer dollar and higher U.S. Treasury rates dragged prices of gold and copper lower, while copper losses were contained by stimulus prospects in China. [GOL/] [MET/L]

A December reading of domestic inflation statistics is scheduled at 8:30 a.m. ET and might give possible clues on when the Bank of Canada could start decreasing borrowing costs.

On a monthly basis, CPI is predicted to decrease 0.3% in December vs a 0.1% increase in November, according to a Reuters survey of experts.

Money markets are presently pricing-in approximately 83% possibility of a rate drop from the BoC in April, with a 17% probability of no rate move.

Oil prices increased on Tuesday as investors considered the implications of growing tensions in the Middle East. [O/R]

U.S. futures crept down on Tuesday as Apple (NASDAQ:AAPL) and Tesla (NASDAQ:TSLA) lost 2% apiece, while investors gauged earnings from key U.S. banks to judge the strength of capital markets and dealmaking. [.N]

The Toronto Stock Exchange’s S&P/TSX composite index closed higher at 21,061.88 on Monday, stopping just shy of the 20-month high it reached last Monday. (TO)

On the business front, Canadian miner First Quantum Minerals (OTC:FQVLF) on Monday, said it aims to save funds after it was forced to cease operations at its Cobre Panama copper mine.

U.S.-listed shares of Barrick Gold (NYSE:GOLD) were down over 2% in premarket trade, after it stated its all-in-sustaining costs (AISC) per ounce of gold in the fourth quarter climbed from the previous quarter.

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