FX.co ★ TSX Futures Dip Ahead of Bank Earnings

Futures for the S&P/TSX Composite Index dipped on Monday as investors took a breather following robust gains in November, with anticipation building for the upcoming bank earnings reports this week. Key players, including Bank of Nova Scotia, Scotiabank, National Bank of Canada, and Royal Bank of Canada, are slated to unveil their financial performances. In other markets, gold prices surged to a six-week high, providing some reprieve for futures, especially benefiting Canadian mining companies. Concurrently, oil prices climbed due to supply concerns, which bolstered local oil producers. Additionally, in a positive note for the sector, four Malian employees of Barrick Mining were freed after an agreement resolved all contentions regarding the Loulo-Gounkoto gold complex. On the economic data front, the Markit Canada Manufacturing PMI for November is expected to be released later this morning.