Futures linked to Canada’s main stock exchange edged lower on Tuesday as investors positioned ahead of a busy slate of US economic data. November nonfarm payrolls will be closely watched for further signs of cooling in the labor market, which has weakened steadily in recent months, ahead of next week’s CPI release. Labor conditions and inflation remain the two key inputs for the Federal Reserve when assessing the timing of interest rate cuts, with softer data reinforcing easing expectations that typically support equities. Meanwhile, falling oil and gold prices weighed on Canada’s commodity-heavy index. Oil slid amid rising optimism around a potential Russia-Ukraine peace deal that could ease sanctions, while gold retreated as investors locked in profits ahead of the data. In other news, enterprise software firm Enghouse reported fourth-quarter revenue below expectations, amid concerns about stretched tech valuations.