CANADA STOCKS-TSX futures tick higher on gold, oil tailwind; markets brace for data-packed week

Reuters
Nov 03, 2025
CANADA STOCKS-TSX futures tick higher on gold, oil tailwind; markets brace for data-packed week

Nov 3 (Reuters) - Canada's main stock index futures edged higher on Monday, lifted by an uptick in gold and oil, as investors brace for a data-heavy week on the domestic front.

December futures on the S&P/TSX index SXFcv1 were up 0.32% at 06:12 a.m. ET.

Investors are awaiting Canada's October manufacturing PMI, due at 8:30 a.m. ET, followed by employment data later in the week.

In the United States, attention turns to private sector jobs and labor components in business activity surveys, as markets navigate the absence of their usual economic benchmarks amid a government shutdown.

Brent crude futures rose 0.2% after OPEC+ decided to hold off production hikes in the first quarter of next year, while bullion prices gained, helped by expectations of further U.S. interest rate cuts after comments from the U.S. Federal Reserve Board's Christopher Waller. O/R GOL/

On Friday, the S&P/TSX composite index .GSPTSE gained 81.76 points, or 0.3%, to 30,260.74. For the month, it was up 0.8%, marking the sixth straight monthly advance, the longest such streak since 2021.

Meanwhile, markets also kept an eye on U.S.-Canada tensions after Canadian Prime Minister Mark Carney said on Saturday he apologized to U.S. President Donald Trump over an anti-tariff political ad, and urged Ontario Premier Doug Ford not to run it. The ad had prompted Trump to announce higher tariffs on Canadian goods and led Washington to halt trade talks with Ottawa.

On the corporate front, activist fund Palliser Capital has intensified pressure on Rio Tinto RIO.L to mount a "now or never" counterbid for Teck Resources TECKb.TO, according to a letter seen by Reuters.

(Reporting by Pranav Kashyap in Bengaluru; Editing by Vijay Kishore)

((pranav.kashyap@tr.com; +919886482111;))

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