Home » Toronto futures down on weaker crude, Omicron spread
Dec 20 (Reuters) – Futures for Canada’s main stock index fell on Monday, weighed by a 3% slide in crude prices, with concerns surging cases of the Omicron coronavirus variant might curb global economic recovery further denting sentiment.
March futures on the S&P/TSX index were down 0.6% at 7:00 a.m. ET.
Global equities and oil prices slid on Monday as surging Omicron COVID-19 cases triggered tighter curbs in Europe, while U.S. growth prospects dimmed after a $1.75 trillion domestic investment bill suffered a potentially fatal blow.
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The Toronto Stock Exchange’s S&P/TSX composite index (.GSPTSE) ended 0.14% lower at 20,739.01 on Friday.
Dow e-minis were down 396 points, or 1.12% at 7:00 a.m. ET, while S&P 500 e-minis were down 56.75 points, or 1.23% and Nasdaq 100 e-minis were down 225.25 points, or 1.43%.
BNP Paribas (BNPP.PA) said on Monday it is to sell U.S. unit Bank of the West to Canada’s BMO Financial Group for $16.3 billion in a deal that will give France’s biggest bank a huge step up in firepower for deals and buybacks. read more