Canada will present a budget on Monday, at about 4 p.m. (2000 GMT), with billions of dollars for pandemic recovery measures, C$2 billion toward national childcare, and new taxes on luxury goods.
This is going to be a serious budget that either sets the stage for post-pandemic policy in Canada, or has all the makings of an election platform, possibly to be used as soon as later this year.
Among individual stocks, State Bank of India was set to gain for a sixth straight session following well-received quarterly results. The stock has jumped 46% so far in the last eight sessions.
At the same time, Congress members hope to pass the Pentagon's defence budget (NDAA) quickly. Democrats and Republicans have reached a consensus on a bill for $740 billion.
