TSX futures fall as investors take a break from week-long rally By Reuters

(Reuters) – Futures for Canada’s main stock index fell on Friday, mirroring peers on Wall Street, as investors took a break after markets gained earlier in the week on a U.S. interest rate cut.

S&P/TSX futures were down 0.3 percent at 6:01 a.m. ET (10:01 a.m. GMT).

U.S. stock index futures were lower on Friday, with all three major indexes taking a break from the previous session’s gains fueled by the Federal Reserve’s 50 basis point interest rate cut. (.N)

Canada’s composite index also hit an all-time high on Thursday and is up 1.2% so far this week.

Stocks in the country’s energy sector could follow lower oil prices. But commodities are still on track for a second straight weekly gain after a cut in US interest rates and a drop in global stocks. (OR)

However, the materials sector will be supported by rising gold prices, which have hit a record high on the prospect of more US interest rate cuts. prices also hovered around two-month highs. (GOL/) (MET/L)

Investors will monitor Bank of Canada Governor Tiff Macklem’s speech at 8:30 a.m. ET for more clues about the central bank’s monetary policy outlook.

The Bank of Canada has already cut its policy rates three times this year, and the Fed’s recent cut could prompt domestic policymakers to accelerate their easing cycle.

In corporate news, Orex Minerals has announced the appointment of John Eren as Chief Executive Officer and Board Member, effective immediately.

commodities

Gold: $2,606.84; +0.79% (GOL/)

US crude: $71.85; -0.1% (O/R)

: $74.71; -0.2% (O/R)

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($1 = 1.3567 Canadian dollars)