TSX futures lower as gold prices ease

(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%.

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