TSX futures rise on commodity boost; BoC rate decision on tap [Yahoo! Finance Canada]
BOLIDEN AB UNSP/ADR (BDNNY)
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Source: Yahoo! Finance Canada
December futures on the S&P/TSX index were up 0.36% at 6:01 a.m. ET (11:01 a.m. GMT). The Bank of Canada is expected to cut the interest rate by half a percentage point on Wednesday, marking its second consecutive rate cut of such magnitude. Bets for a hefty cut jumped after Friday's data showed a sharp rise in the unemployment rate, with nearly 80% of respondents in a Reuters poll predicting a 50 bps cut on Dec. 11 to 3.25%. In commodities, oil prices jumped after China flagged its first move toward a loosened monetary policy since 2010. [O/R] Gold prices climbed after China's central bank resumed gold purchases after a six-month pause, while copper hit nearly a one-month high after the second-largest economy vowed to ramp up stimulus measures. [GOL/MET/L] The composite index ended higher on Friday, boosted by technology shares and anticipation of a large interest rate cut from the BoC. [.TO] Across the border, market participants are eyeing Wednesday's U.S. inflation da
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