Canada's Big Six banks are expected to post a 4% decline in fourth-quarter profits from last year because of decades-high inflation and monetary tightening by the central bank that has hurt investment banking activity.
December futures on the S&P/TSX index were down 0.3% at 07:50 a.m. ET.
Prices of crude oil and copper were hit as street protests in China against strict COVID-19 curbs stoked demand worries from the world's top consumer. [O/R][METL/]
Gold rose as a weaker dollar made the safe-haven metal cheaper to investors. [GOL/]
The economic data roster for the week includes third-quarter and annual gross domestic product data and changes in unemployment rates.
The Toronto Stock Exchange's S&P/TSX composite index marked its highest closing level in more than five months on Friday, helped by gains in the utility and financial sectors. [.TO]
U.S. stock index futures were down along with their global counterparts as demand concerns from the world's second-largest economy stoked fears of the consequent impact on global economic growth. [.N]
COMMODITIES
Gold futures: $1,758; +0.28% [GOL/]
US crude: $73.67; -3.56% [O/R]
Brent crude: $80.67; -3.54% [O/R]
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report [.TO]
Canadian dollar and bonds report [CAD/] [CA/]
Reuters global stocks poll for Canada
Canadian markets directory
($1= C$1.34)
(Reporting by Johann M Cherian in Bengaluru; Editing by Devika Syamnath)
