March futures on the S&P/TSX index were down 0.4% at 6:50 a.m. ET. Domestic markets were closed on Monday for a holiday. The consumer prices and retail sales data for January are due at 8:30 a.m. ET, likely setting the tone for the next moves by the Bank of Canada on interest rates.
The Toronto Stock Exchange's S&P/TSX Composite Index ended 0.4% lower on Friday, hitting its lowest close in four weeks, as Wall Street was hit by fears of rising rates.
Gold prices slipped due to a firmer greenback, while investors awaited S&P Global's flash U.S. Manufacturing PMI data to gauge the Federal Reserve's interest rate-hike trajectory. In company news, Teck Resources Ltd said it will change its name to Teck Metals Corp and also spin off its steelmaking coal unit as Elk Valley Resources Ltd, while the miner also missed its fourth-quarter profit estimate.
Gold miner OceanaGold beat fourth-quarter profit and revenue expectations.
Shaw Communications Inc's lawyers are expected to pocket C$100 million-plus ($75 million) fee in the long-delayed takeover from Rogers Communications . COMMODITIES AT 6:50 a.m. ET
Gold futures : $1,833.6; -0.46% US crude : $77.36; +1.34% Brent crude : $83.84; -0.27% FOR CANADIAN MARKETS NEWS, CLICK ON CODES: TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1 = 1.3448 Canadian dollars) (Reporting by Shristi Achar A in Bengaluru; Editing by Sherry Jacob-Phillips)
