Canada Stocks: Toronto shares set to kick off 2023 on upbeat note

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03/01/2023 12:29

Jan 03 (Reuters) - Futures for Canada's stock benchmark
climbed higher on the first day of trading in 2023, with an
uptick in gold prices supporting the commodity-heavy index.    
    March futures on the S&P/TSX index  SXFc1  were up 0.2% by
0702 a.m. ET on Tuesday.
    Traders await December manufacturing data for clues on the
state of the economy, after factory activity weakened for a
fourth straight month in November. The data is due at 0930 a.m.
ET.
    The Toronto Stock Exchange's S&P/TSX composite index
 .GSPTSE  ended 2022 in the red, a year marred by tighter
monetary policy, the Russia-Ukraine war and fears of a
recession.  .TO     
    Global markets climbed thanks to a sharp bounce in European
stocks, though warnings of a tough year ahead for the global
economy by the International Monetary Fund limited gains.
 MKTS/GLOB 
    Spot gold prices  XAU=  jumped to a more than a six-month
high after ending a volatile 2022 largely unchanged.  GOL/ 
    Investors also await minutes from the U.S. Federal Reserve's
meeting in December, expected on Wednesday, to gauge the
trajectory of further monetary policy tightening by the central
bank.
    Among single stocks, Shopify Inc  SHOP.N   SHOP.TO  launched
a product that would allow companies to customize tools and
components required to build their online store, ramping up its
efforts to attract big retailers.  L4N33O1M2 
    Canadian markets were shut on Monday for New Year holiday.
    COMMODITIES AT 7:02 a.m. ET 
    Gold futures  GCc2 : $1,837.7; +0.6%  GOL/ 
    US crude  CLc1 : $79.12; -1.4%  O/R 
    Brent crude  LCOc1 : $84.68; -1.4%  O/R 
    U.S. ECONOMIC DATA DUE ON TUESDAY
    S&P Global PMI Data for Dec
    FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
    TSX market report  .TO 
    Canadian dollar and bonds report  CAD/   CA/ 
    Reuters global stocks poll for Canada  EQUITYPOLL1 
 EPOLL/CA 
    Canadian markets directory  CANADA 
 ($1= C$1.3)
 (Reporting by Johann M Cherian and Shristi Achar in Bengaluru 
Editing by Vinay Dwivedi)
 ((johann.mcherian@thomsonreuters.com;))