Lower Canadian and U.S. futures suggest a weak start on Bay Street Monday morning, but firm oil and metal prices could trigger some buying in resources stocks and help limit market's downside.
With the focus on upcoming earnings updates from major Canadian banks due this week, the mood is likely to remain a bit cautious.
For comments and feedback contact: editorial@rttnews.com
Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.