(Reuters) – Stock futures pointed to a lower opening for Canada’s main stock index on Tuesday, weighed down by falling gold prices.
Gold eased as the dollar rallied on expectations of a less dovish U.S. Federal Reserve ahead of testimony from Chairman Jerome Powell. Powell’s two-day testimony before Congress starts on Wednesday.
September futures on the S&P/TSX index were down 0.1% at 7:00 a.m. ET.
Canadian building permits data is due at 8:30 a.m. ET
The Toronto Stock Exchange’s S&P/TSX fell 79.04 points, or 0.48 percent, to 16,462.95 on Monday.
Dow Jones Industrial Average e-mini futures were down 0.37% at 7:00 a.m. ET, while S&P 500 e-mini futures were down 0.38% and Nasdaq 100 e-mini futures were down 0.5%.