TSX futures dip as rising oil prices rekindle inflation fears
SPY•S&P/TSX December futures fell 0.5% as Brent rose nearly 4% to about $108.25 a barrel, reviving inflation concerns ahead of Canadian and US economic data.
1. Futures fall as oil rises
S&P/TSX December futures were down 0.5% on Monday as higher oil prices revived inflation worries ahead of US GDP and PCE inflation data later this week, as well as Canadian GDP data due Tuesday. Brent crude gained nearly 4% to about $108.25 a barrel, while spot gold fell more than 3% and silver dropped 4.8%.
