TSX futures slip on investor caution ahead of CPI data

Futures for Canada's main stock index slipped on Monday as investors remained cautioned ahead of domestic consumer inflation and retail sales data scheduled for later this week to assess the Bank of Canada's(BoC) monetary policy path. December futures on the S&P/TSX index edged down 0.1% at 7:23 a.m. ET (1223 GMT). TSX hit an eight-week high on Friday and closed 0.6% higher after trimmed down domestic producer prices boosted optimism that the BoC was done with its interest rate hiking cycle. The benchmark index also logged weekly gains of 2.7%. Gold prices on Monday slipped from the two-week highs it had hit in the last session, as U.S. Treasury yields bounced back, with investors looking forward to the minutes of Federal Reserve's previous meeting to gauge the U.S. central bank's policy stance. Canada is a commodity-heavy market, and prices of oil, precious and base metals heavily influence sentiment. Investor attention will turn to domestic consumer inflation data on Tuesday, which is expected to show that the annual inflation rate in October slowed to 3.2% from 3.8% in September, according to a Reuters poll. Domestic retail sales data for September is due on Friday and would offer market watchers further clues on the BoC's interest rate path.