Futures linked to Canada’s S&P/TSX Composite Index rose on Monday, recovering part of Friday’s decline, when the benchmark suffered its steepest drop since February 12. Stable bond yields supported financial stocks and the broader market, amid indications that weekend strikes between Iran and Israel are unlikely to escalate further. At the same time, gold prices were little changed, easing pressure on mining shares.
The Bank of Canada is widely expected to leave interest rates on hold this week and will update its assessment of upside inflation risks relative to concerns about economic growth.
