(Reuters) – Strong gold prices boosted Canada’s main stock index futures on Monday, as caution ahead of the U.S. presidential election bolstered demand for the precious metal. Gold prices rose 0.47% to $1888.7 per ounce.
December futures on the S&P/TSX index were up 0.9% at 7:00 a.m. ET.
Canada’s October manufacturing activity data is due at 09:30 a.m. ET.
The Toronto Stock Exchange’s S&P/TSX composite index ended 0.57% lower at 15,580.64 on Friday.Dow Jones Industrial Average e-mini futures were up 1.66% at 7:00 a.m. ET, while S&P 500 e-mini futures were up 1.38% and Nasdaq 100 e-mini futures were up 1.05%.ANALYST RESEARCH HIGHLIGHTSAtco Ltd: National Bank of Canada cuts target price to C$45 from C$46Mav Beauty Brands Inc: Canaccord Genuity raises rating to "buy" from "hold"SNC-Lavalin Group Inc: ATB Capital Markets cuts target price to C$41 from C$42(Reporting by Amal S in Bengaluru; Editing by Amy Caren Daniel)
November 2, 2020 Published by StockMan