Futures tracking Canada's main stock index dipped on Monday as commodity prices fell, while investors await the U.S. Federal Reserve's policy meeting later in the week.
The TSX Composite powered ahead 119.08 points to close Friday at 19,471.19. On the week, the gain was 611 points, or 3.2%
December futures lost 0.3% on Monday.
The Canadian dollar eased 0.3 cents to 73.18 cents U.S.
National Bank of Canada and Canadian Imperial Bank of Commerce have dropped out as bidders for HSBC Holdings PLC's business in Canada, while Bank of Montreal is still pursuing it.
ON BAYSTREET
The TSX Venture Exchange reversed 3.26 points Friday to 596.93, but pulled ahead 3.8 points over the last five sessions.
ON WALLSTREET
Stock futures were lower early on Monday morning ahead of the final day of October, with the Dow Jones Industrial Average poised to clinch its best month in decades.
Futures for the 30-stock leaned lower 92 points, or 0.3%, to 32,804
Futures for the S&P 500 fell 13 points, or 0.3%, to 3,898.25.
Futures for the NASDAQ Composite flopped 59.5 points, or 0.5%, to 11,527.50.
The Dow is up 14.4% in October, which would be its best month since 1976. The S&P 500 and NASDAQ are also up for the month, putting Wall Street on track to snap a two-month losing streak.
The gains have come despite a mixed third-quarter earnings season from major companies, which has shown slowing growth and a few major disappointments from large tech companies.
Earnings season continues this week, with Uber, Pfizer and Advanced Micro Devices among the biggest names to report.
Traders will be preparing for the latest Federal Reserve meeting, which begins Tuesday.
The central bank is expected to hike rates by three quarters of a percentage again on Wednesday, but many on Wall Street are looking for a signal from the statement or Chairman Jerome Powell’s press conference that the Fed could pause its hikes in the near future.
In Japan, the Nikkei 225 hiked 1.8% Monday, while in Hong Kong, the Hang Seng Index dived 1.2%.
Oil prices withered $1.36 to $86.54 U.S. a barrel.
Gold prices moved ahead 50 cents to $1,644.30 U.S. an ounce.
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