- Canadian and U.S. futures are higher, signaling a positive start on Bay Street on Monday amid expectations of a Federal Reserve interest rate cut in December. Concerns over Russia-Ukraine tensions are easing, boosting sentiment. Commodity prices are mixed, with oil futures slightly up and metal prices down.
- Canadian market closed on a positive note on Friday due to renewed bets on a Federal Reserve rate cut. S&P/TSX Composite Index gained 254.10 points or 0.85% at 30,160.65. Hopes for a rate cut in December increased after New York Fed President’s remarks.
- Asian stocks closed mixed on Monday, Japanese markets were closed. European stocks are higher on hopes of a Fed rate cut and progress in Ukraine peace talks. Crude oil futures are up, gold and silver futures are down. Canadian manufacturing sales data for October is due.
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