CANADA STOCKS-TSX futures rise on commodity gains ahead of retail sales data
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Futures for Canada's main stock index rose 0.2% as crude and gold prices surged, driven by U.S. sanctions on Russian oil companies amid the Ukraine conflict. Investors are awaiting Canadian retail sales data, expected to show a 1% increase for August. The energy sector gained traction, while trade tensions with China and a net loss reported by Precision Drilling added to market concerns. Canadian Prime Minister Mark Carney announced plans to reduce reliance on the U.S. market and cut spending.
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