Futures tied to Canada’s primary stock index held steady on Monday, with investors focused on upcoming inflation figures. The December contract for the S&P/TSX Composite Index slipped slightly by 0.03 per cent at mid-morning.

The domestic index had reported a small rebound on Friday, up 0.2 per cent, breaking a two-week slide and posting its best weekly result since late September as gains from technology and energy sectors led the way.

Market watchers turned their attention to Canada’s inflation report due later in the morning, for which a year-on-year rise of around 2.1 per cent for October was anticipated. While inflation has remained close to the target for much of 2025, recent upticks suggest that price pressures may still be in play.

Core inflation measures in Canada continue to hover near the 3 per cent mark, a level that signals to policymakers that the job of bringing prices under control is not yet complete. Investors also looked ahead to a scheduled speech from the deputy governor of the Bank of Canada later in the week, as well as U.S. jobs data due on Thursday, which could offer clues about broader economic momentum.

Overall, the calm seen in futures suggests that traders are holding positions steady, waiting for clearer signals from inflation and labour data before making significant moves.