March futures for the S&P/TSX index were up 0.2% at 7:13 a.m. ET, setting it on course to open higher for an eighth straight day.
The Toronto Stock Exchange's S&P/TSX composite index ended 0.15% higher on Monday, marking its longest winning streak since last May, supported by consumer staples and technology stocks. [.TO]
Investors have their eyes on Canada's consumer price index report for December, due at 08:30 am ET. The data is expected to show inflation slowed to an annual rate of 6.4% last month from 6.8% in November, bolstering hopes of a less aggressive monetary policy path by the Bank of Canada.
Meanwhile, crude prices ticked up even as top-consumer China posted weak economic activity in the fourth-quarter, as its recent shift in COVID-19 policy has raised hopes of a recovery in fuel demand this year. [O/R]
Among company news, Fortuna Silver Mines Inc reported annual production update for 2022 and its outlook for 2023.
Gold miner Barrick Gold Corp said its fourth-quarter production rose 13.4% sequentially, helped by strong performance at Cortez, Carlin and Tongon mines.
Across the border, U.S futures slipped ahead of quarterly results from Goldman Sachs and Morgan Stanley, due before the bell. [.N]
COMMODITIES AT 7:13 a.m. ET
Gold futures: $1,915.3; -0.3% [GOL/]
US crude: $80.21; +0.45% [O/R]
Brent crude: $85.47; +1.2% [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 = 1.3429 Canadian dollars)
(Reporting by Shristi Achar A in Bengaluru; Editing by Vinay Dwivedi)