Futures for Canada’s main stock index fell Monday led by losses among mining shares. Traders braced for key economic data from Canada and the United States that could give clues to the central banks’ direction for interest rates. The energy and telecom shares weren’t far behind in leading losses. Only the health care sector provided gains.
U.S. markets were higher as an otherwise shaky August on Wall Street continues. Investors have insights into the state of U.S. consumerism in focus, with earnings reports due from Walmart, Target and Home Depot this week, and retail sales data from July.
Today in the Markets
The Canadian dollar traded for 74.29 cents U.S., compared to 74.38 cents U.S. on Friday.
U.S. crude futures traded $0.71 lower at $82.24 a barrel, and the Brent contract lost $0.60 to $86.21 a barrel.
The price of gold was down US$6.14 to US$1,907.77.
In world markets, the Nikkei was down 413.74 points to 32,059.91, the Hang Seng was down 301.64 points to 18,773.55, the FTSE was down 17.01 points to 7,507.15, and the DAX was up 72.08 points to 15,904.25.
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