Futures for Canada’s main stock index fell on Monday, signaling a fresh selloff as investors braced for domestic inflation data and a slew of interest rate decisions from major central banks this week.
The TSX Composite docked 174.28 points to finish Friday’s trading at 19,385.88. On the week, the index handed over 387 points, or 1.96%.
Futures floundered 0.6% early Monday.
The Canadian dollar dipped 0.26 cents to 75.17 cents U.S.
On the economic slate, Statistics Canada said its industrial product price index declined 1.2% month over month in August. Year over year, the index increased 10.6%, while its raw materials price index fell 4.2% in August and increased 17.6% year over year.
The TSX Venture Exchange let go of 6.99 points, or 1.1%, Friday to 630.50, for a weekly loss of 15 points, or 2.33%.
Stock futures fell Monday after the major averages posted their … Read more