Dec 11 Reuters Futures tied to Canada39;s resourcesheavy main stock index fell on Monday, tracking a decline in commodity prices, while investors await a raft of economic data and decisions from major central banks during the week.
December futures on the SPTSX index were down 0.3 at 702 a.m. ET 1202 GMT, mirroring declines in their U.S. counterparts.
Copper and other base metals39; prices slipped after data showed China39;s consumer prices fell the fastest in three years in November, while factorygate deflation deepened.
A strengthening greenback also took the shine out of gold prices, while crude oil prices were down.
Globally, investors turn their focus on major central banks as the Bank of England, U.S. Federal Reserve, and European Central Bank are due to announce their monetary policy decisions during the week.
All three central banks are expected to hold rates at current levels.
More inflation data out of the United States, including November consumer prices, would be on the watchlist ahead of the Fed39;s rate decision.
The Toronto Stock Exchange39;s SPTSX composite index rose in the previous session, driven by a surge in energy stocks, though finished the week 0.6 lower.
Among individual stocks to look out for, TD Securities downgraded Orla Mining to hold from buy.
J.P.Morgan initiated coverage on Lithium Americas with a neutral rating.
Manulife Financial said it has agreed to reinsure C13 billion of reserves, including C6 billion, or 14 of total…