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CANADA STOCKS-TSX futures climb over 1% as Democrats seize Congress; key data in focus

By Reuters News

Nov 4 (Reuters) - Futures tracking Canada's blue-chip stocks rose over 1% on Wednesday after Democrats swept both chambers of Congress in the US, while investors await key data later in the week.

December futures on the S&P/TSX index were up 1.3% at 6:04 a.m. ET (1104 GMT).

  • Democrats seized control of both the Senate and House in the US on Tuesday, scoring sweeping victories in Republican strongholds for the first time in generations as voters delivered a scathing rebuke to President Donald Trump

  • Global stocks rallied from recent lows after the election results, even as concerns grew that the AI industry's rapid growth could face greater regulatory scrutiny MKTS/GLOB

  • Spot gold rose 2.9%, while Brent crude slipped 1.3% as investors are now awaiting Washington's next move in the US-Israeli war on Iran GOL/ O/R

  • Meanwhile, investors are looking ahead to Canada's employment report due on Friday, with a Reuters poll indicating the economy likely added 13,600 jobs last month while the unemployment rate held at 6.5%

  • Traders are also watching key US payrolls data later in the week for fresh clues on the Federal Reserve's monetary path

  • Canada's main stock index .GSPTSE fell to a nearly four-week low on Tuesday as shares of Shopify and Thomson Reuters lost ground after reporting quarterly results

  • Among company news, integrated oil and gas producer Suncor Energy SU.TO surpassed analysts' expectations for third-quarter profit on Tuesday

  • On the data front, Greater Toronto Area home sales rose in October, ending a three-month decline, as lower prices helped offset higher borrowing costs, data showed

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report .TO

Canadian dollar and bonds report CAD/ CA/

Reuters global stocks poll for Canada ,

Canadian markets directory

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