TSX Futures Flat Amid Lower Rate Hikes
Canadian stock futures remained flat on Monday as a softer US jobs report reduced expectations of an imminent Federal Reserve rate hike. Meanwhile, gold prices climbed and major energy deals supported the broader commodity-heavy market.
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Futures tracking Canada's blue-chip stocks hovered near flat on Monday morning after the benchmark index rose in the prior session. The prior gain followed a softer-than-expected United States jobs report that cooled expectations of near-term monetary tightening. Investors are adjusting portfolios as rate hike odds recede across North America.
