TSX futures hold steady as investors await key US economic reports

TSX futures are flat as traders await key US economic data later this week. This follows a strong Monday rally led by gains in mining and technology shares.

Insights:
Futures tracking the main stock index in Canada CACA remained steady on Tuesday as investors refrained from making large bets ahead of critical economic data from the United States USUS. The market focus has shifted toward the upcoming U.S. jobs report, scheduled for release on Wednesday, and U.S. inflation data due on Friday. These reports are highly anticipated because they could provide essential cues regarding the Federal Reserve policy trajectory and influence future market pricing.
The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada on January 23, 2019. REUTERS/Chris Helgren
The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada on January 23, 2019. REUTERS/Chris Helgren
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