(Reuters) -Futures tied to Canada’s commodity-heavy main stock index rose on Monday, led by gains in gold prices, as investors awaited remarks from a slate of Federal Reserve policymakers and weighed concerns over a possible U.S. government shutdown.
Futures on the S&P/TSX index gained 0.55% to 1,765.80 points by 05:57 a.m. ET (0957 GMT).
The benchmark index edged higher on Friday after data showed Canada’s monthly gross domestic product rebounded from three months of contraction to grow 0.2% in July, suggesting the economy may be avoiding a recession.
Meanwhile, an in-line U.S. inflation print on Friday helped keep rate cut bets alive.
In commodities, gold prices surged over $3,800 an ounce for the first time on Monday, while oil and copper prices inched down.
Investors were focused