Dec 23 (Reuters) - Futures tracking Canada's main stock
index were flat on Monday, as investors avoided placing big bets
ahead of key domestic economic data due later in the day.
The S&P/TSX index futures were up 0.01% at 06:13
a.m. ET (11:13 GMT).
Early estimates of Canada's gross domestic product data for
October show a 0.1% expansion on a monthly basis.
It is the last major Canadian economic indicator for the
year. Separately, producer prices data for November is also
expected later in the day.
Investors will also be able to go over the Bank of Canada's
summary of monetary policy deliberations by the Governing
Council for the December policy decision when it is released
later on Monday.
The central bank slashed its key policy rate by 50 basis
points earlier this month, but warned further easing will be
more gradual.
In commodities, gold prices eased in thin trading due to the
holiday season.
Oil prices nudged down, while the outlook for a supply
surplus next year weighed on the market.
The composite index ended higher on Friday after
six consecutive days of declines as investors welcomed U.S.
inflation data and looked past rising domestic political
uncertainty.
Wall Street futures rose on Monday as a last-minute
government funding bill averted a shutdown, while optimism about
cooling inflation started the holiday-shortened week on a
positive note.
In corporate news, labor union Unifor said on Sunday its
members at Canadian National Railway ( CNI ) have ratified a
new four-year collective agreement, averting a potential strike
action.
COMMODITIES
Gold: $2618.89; -0.07%
US crude: $69.18; -0.4%
Brent crude: $72.64; -0.41%
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($1 = 1.4392 Canadian dollars)