Nov 13 (Reuters) - Futures tracking Canada's blue-chip stocks were subdued on Friday as gold inched higher after hitting a more than one-year low in the previous session, while investors weighed the impact of Jensen Huang's resignation as Nvidia CEO on the AI trade.
December futures on the S&P/TSX 60 index were down 0.03% at 6:20 a.m. ET (1120 GMT).
Spot gold was up 0.4% as bargain hunting emerged after prices hit their lowest level in over a year in the previous session
Canada’s main stock index (.GSPTSE), had closed lower on Thursday as falling gold prices weighed on metal mining shares
Global stocks traded lower after a turbulent week dominated by news of Nvidia CEO Jensen Huang's extramarital affairs which led to his resignation, delivering a blow to investor sentiment around AI
Brent crude was down 0.1% as US focus on a blockade of Iran and other economic pressures eased fears of renewed Middle East fighting, though shipping attacks remain a supply risk
Traders now await key Canadian inflation data due next week for clues on the Bank of Canada's (BoC) monetary policy path
Money markets are now pricing in an at least 64% chance that the BoC will raise interest rates again before the end of the year, according to LSEG data
Among companies, sustainable engineering firm Stantec <STN.TO> reported third-quarter revenue and adjusted profit that beat analyst estimates
Royal Bank of Canada (RY.TO), has eliminated at least three senior climate, sustainability and ESG roles, according to three people familiar with the decisions, as Canada’s largest bank reorganizes its teams and creates a new vice presidency of public policy
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Reporting by Anand Gopal and Tharuniyaa Lakshmi in Bengaluru; Editing by Jonathan Ananda
