Futures tracking Canada's blue-chip stocks edged lower on Monday, as oil prices slipped following last week's sharp gains, while investors awaited domestic inflation data for clues on the interest rate path.
The TSX Composite Index held onto gains of 39.45 points, to greet the closing bell Friday at 36,176.55. On the week, the index gained 512 points, or 1.44%.
The Canadian dollar progressed 21 cents to 71.03 cents U.S.
December futures faded 0.2% Monday morning.
Reliance Worldwide said on Monday that no rival bidder emerged during the "go shop process under Brookfield's proposed acquisition of the Australian firm
On the economic scene, Statistics Canada reported its Consumer Price Index rose 3.1% year over year in September, following a 3.0% increase in August. On a seasonally adjusted monthly basis, the CPI increased 0.4% in September.
ON BAYSTREET
The TSX Venture Exchange forfeited 1.08 points to finish the week at 845.30. The week’s loss was 32.6 points, or 3.7%.
ON WALLSTREET
Stock futures rose early Monday, led by a tech rebound following last week’s rout in shares linked to the artificial intelligence trend.
Futures for the Dow Jones Industrials sank 74 points, or 0.1%, early Monday to 52,140.
Futures for the S&P 500 hiked 35.75 points, or 0.5%, to 7,740.
Futures for the NASDAQ Composite jumped 312.75 points, or 1.1%. to 29,704.25.
Intel advanced more than 4% in premarket trading after JPMorgan analysts upgraded their rating on the chipmaker.
Neocloud mainstay CoreWeave — which plunged more than 25% last week, its biggest one-week drop since November 2025, over debt concerns — gained 3%. AMD and Micron were also up more than 2% each.
Concerns around the health of the AI trade took center stage news reports that Anthropic’s third-quarter revenue totaled $16.8 billion. And while that’s up from $11.6 billion in the second quarter, it raised flags among investors about the pace of growth with the AI buildout.
Investors in the corporate bond market have started to shun CoreWeave, with the company’s credit default swaps reaching distress levels.
In Japan, the Nikkei 225 dipped 0.6% Monday, while markets in Hong Kong were closed.
Oil prices slipped 21 cents to $101.20 U.S. a barrel.
Gold prices acquired $14.90 to $4,196.00 U.S an ounce.
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