Nov 9 (Reuters) - Futures tracking Canada's blue-chip stocks rose on Monday after a dip in oil prices tempered inflation worries, while investors awaited key US inflation data due later in the week.
December futures on the S&P/TSX 60 index were up 0.7% at 6:16 a.m. ET (1116 GMT).
Brent crude fell 1.8% to $96 after US President Donald Trump downplayed the likelihood of renewed strikes on Iran, though attacks on ships near the Strait of Hormuz kept supply concerns in focus
Gold prices were up 0.9% as lower oil prices eased inflation concerns, while investors awaited US inflation data due later this week that could shape the Federal Reserve's rate outlook
Markets are pricing in an 80% chance for the Fed to hike interest rates again in its December meeting, according to the CME FedWatch Tool
Canada's main stock index ended higher on Friday, led by technology and metal mining shares, as weak jobs data tempered expectations of further tightening by the Bank of Canada
Meanwhile, global markets edged higher from six-month lows, but an internal investigation against Nvidia (NVDA.O), CEO Jensen Huang could add to the unease after last week's tech rout
Among companies, Barrick Mining (ABX.TO), posted a rise in third-quarter profit as higher gold prices outweighed the impact of a decline in production
Canada's Strathcona Resources (SCR.TO), said on Sunday it would acquire Greenfire Resources (GFR.TO), opens new tab in a deal valued at about C$2.7 billion ($1.91 billion) to C$2.9 billion, including debt, as the oil producer expands its presence in Alberta's oil sands region
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Reporting by Anand Gopal and Tharuniyaa Lakshmi in Bengaluru; Editing by Jonathan Ananda
