April 8 (Reuters) - Futures for Canada's main stock
index were muted Monday as falling oil prices countered gains
from rising gold, while investors awaited a busy week with the
Bank of Canada's rate decision and key economic data releases in
the United States.
June futures on the S&P/TSX index were flat at 6:39
a.m. ET (1039 GMT).
Oil prices slid on easing Middle East tensions after Israel
withdrew more soldiers from southern Gaza and committed to fresh
talks on a potential ceasefire in the conflict.
It offset the rise in gold prices that extended their record
rally steered by speculative buying and persistent tensions in
the Middle East.
Meanwhile, copper prices in London hit their highest in over
14 months helped by demand from momentum-following funds and
strong German industrial data.
The Bank of Canada (BoC) is set to announce its next
decision on borrowing costs on Wednesday, where the central bank
is widely expected to leave rates unchanged.
Investors will also monitor crucial economic data in the
U.S., due later in the week, alongside the minutes of the
Federal Reserve last monetary policy meeting for more cues on
the timing of rate cuts in the year.
Markets will also parse through more comments from Fed
officials later on Monday.
The Toronto Stock Exchange's S&P/TSX composite index
ended up 1% on Friday at 22,165.15, notching a fresh
record high.
In corporate news, Royal Bank of Canada ( RY ) on Friday
said it appointed Katherine Gibson as interim Chief Financial
Officer, effective immediately, following the departure of
Nadine Ahn, who was fired over an undisclosed relationship.
COMMODITIES AT 6:39 a.m. ET
Gold futures: $2,346.6; +0.6%
US crude: $86.16; -0.9%
Brent crude: $90.4; -0.8%