June futures on the S&P/TSX index were flat at 7:01 a.m. ET (11:01 GMT).
Across the border, U.S. stock futures dipped, hurt by sharp losses in shares of health insurers, while investors awaited economic data and comments from Federal Reserve officials for hints on the timing of interest rate cuts. [.N]
Monthly readings of factory orders and job openings in the U.S. are due at 10:00 a.m. ET and could provide some insight into the health of the American economy and guide expectations for interest rate cuts later in the year.
Investors will also monitor comments from Fed speakers later in the day.
In commodities news, Spot gold prices hit a fresh record high on demand from momentum-following funds while copper ticked higher, lifted by concerns of tighter raw material supply, a production cut and an upbeat demand outlook in China. [GOL/] [MET/L]
Global oil benchmark Brent rose above $88 a barrel for the first time since October as oil supplies faced fresh threats with escalating geopolitical tensions globally. [O/R]
Materials-linked shares and the energy sector are poised to extend their rallies to a fourth session.
The Toronto Stock Exchange's S&P/TSX composite index ended 0.1% higher on Monday, at 22,185.25, eclipsing Friday's record high close, pushed by resource shares. [.TO]
In corporate news, cannabis firms are on the radar after the Florida Supreme Court allowed voters to decide on the fate of recreational use of marijuana in the U.S. state through a referendum in November.
U.S.-listed shares of Canopy Growth Corp and Aurora Cannabis gained about 6% in premarket trading.
COMMODITIES AT 7:01 a.m. ET
Gold futures: $2,272.1; +1.2% [GOL/]
US crude: $85.29; +1.9% [O/R]
Brent crude: $88.92; +1.7% [O/R]
(Reporting by Purvi Agarwal in Bengaluru; Editing by Tasim Zahid)
