April 11 (Reuters) - Futures for Canada's
commodity-heavy stock index gained on Tuesday, tracking strength
in gold prices, while investors await the Bank of Canada's (BoC)
rate decision due later in the week.
June futures on the S&P/TSX index were up 0.2% at
6:55 a.m. ET.
Spot gold prices gained as the U.S. dollar retreated
after European markets reopened post the Easter break. The Toronto Stock Exchange's S&P/TSX composite index had edged higher on Monday, as healthcare and energy
stocks rallied and investor confidence continued to improve
after fears of a global banking crisis hurt sentiment last
month.
Amid the labor market resilience, investors will focus on
the BoC's interest rate decision due on Wednesday, with traders
expecting the central bank to keep rates unchanged. In company news, U.S.-listed shares of Hexo Corp fell 20% in premarket trading, after Tilray Brands Inc said it would buy the Canadian cannabis company for
$56 million.
Glencore CEO Gary Nagle plans to meet with some
Canadian shareholders of Teck Resources Ltd in
Toronto on Thursday, to personally lobby them for support of
Glencore's proposed takeover of the copper and zinc miner,
Reuters reported.
French asset manager AXA IM said it has agreed to sell its
stake in French data centre firm Data4 to Brookfield
Infrastructure for an undisclosed amount.
COMMODITIES AT 6:55 a.m. ET
Gold futures : $2,009.4; +0.73% US crude : $79.51; -0.29% Brent crude : $83.91; -0.32% 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 = 1.3496 Canadian dollars)
(Reporting by Shristi Achar A in Bengaluru; Editing by Shilpi
Majumdar)
