Author: Consultant

  • B.C. First Nations criticize suspension of DRIPA as ‘absolute betrayal’

    A leaked transcript of a meeting between Indigenous leaders and British Columbia Premier David Eby, about his plan to suspend the province’s Declaration on the Rights of Indigenous Peoples Act, or DRIPA, shows them accusing him of “absolute betrayal” and colonialism.

    Speaker after speaker in the 17,000-word transcript of Thursday’s meeting, obtained by The Canadian Press, criticize Eby’s handling of DRIPA, which he says needs to be suspended for up to three years.

    DRIPA is at the centre of a legal and political storm after being cited by First Nations in two landmark court cases last year, including an appeal ruling that says the act should be “properly interpreted” to incorporate the UN Declaration on the Rights of Indigenous Peoples into B.C. laws “with immediate legal effect.”

    The transcript provided by a person in attendance, on the condition that no First Nations leaders are identified, shows one speaker telling Eby he has insisted on “fracturing the relationship between First Nations and B.C.” by saying this week that changing DRIPA was “non-negotiable.”

    Another tells Eby the premise of the meeting is “disingenuous.”

    B.C. proposes suspending parts of landmark Indigenous rights legislation

    The transcript shows Eby starting the meeting by telling attendees the so-called Gitxaala ruling by the B.C. Court of Appeal in December found the UN declaration had been implemented by the province “as a whole.”

    He says the ruling, which had created “huge legal uncertainty,” effectively meant the province would “need to eat the whole elephant” of UNDRIP all at once and across all its laws, which the government lacked the staff and political capital to do.

    Eby says the government proposed to introduce legislation to implement the suspension “the week after next,” and that the pause of up to three years is to give time for the Supreme Court of Canada to rule on the government’s appeal in the Gitxaala case, which centred on mining rules.

    The transcript shows the meeting lasted almost two hours, until about noon Thursday. Ninety minutes later, Eby held a news conference to announce the suspension proposal.

    At the conference, Eby declined to specify which sections of legislation would be suspended.

    But the transcript and a document provided by The Canadian Press’ source in the meeting suggest they consist of four sections of DRIPA, plus a section of the Interpretation Act, which describes how B.C.’s laws must be interpreted.

    The Interpretation Act section facing suspension says “every act and regulation must be construed as being consistent with” DRIPA, while a section of DRIPA to be paused says nothing should be construed as delaying its application to B.C.’s laws.

    The section saying the act’s purpose is to “affirm the application” of DRIPA to B.C.’s laws is also to be paused, as is a section saying the government must take all measures necessary to ensure laws are consistent with it.

    The final section of DRIPA to be suspended relates to how progress on its goals is reported.

    In the transcript, Eby acknowledges the government’s previous plan to amend DRIPA has been “completely opposed” by the First Nations.

    He says the alternative proposal of a pause is to find another solution, which he says “is really, bluntly, unavoidable.”

    “Now, it’s my hope, it’s cabinet’s hope, it’s the government’s hope, that this is a better solution to address the legal risk we’re facing, as well as the concerns that you’ve raised with us,” he says.

    Opinion: Reconciliation is not an issue for governments to address at their convenience

    The response in the transcript is far from enthusiastic.

    “I don’t understand why you insist on fracturing the relationship between First Nations and B.C. by saying these things publicly?” one respondent says, referring to Eby’s remarks on changes to DRIPA being non-negotiable.

    “It really shook my confidence in you as the premier and your ability to work with us on something so important as DRIPA,” they say, adding that Eby is “not there anymore” as a partner.

    One leader tells Eby he is making “rash” decisions, another tells of their “extreme feeling of disappointment in the steps taken,” and another tells the premier his government’s behaviour “smacks of colonialism.”

    One attendee accuses Eby of “Indian giving,” and says that after finally seeing “some light” in the way First Nations are treated by government, Eby’s moves “close the door.”

    Another attendee tells of “an extreme feeling of disappointment in the steps taken.”

    “And this act that you’re doing now … these feelings and this sentiment that you’re putting forward is the same sentiment of colonization, of piece by piece taking our rights, our purpose, away from us,” they say.

    At least one leader expresses doubt about the wisdom of opposing the government, considering the Opposition B.C. Conservatives are “running on repealing DRIPA.”

    They tell other leaders that they “cannot afford to not give a damn about” who is premier, and suggest that fellow chiefs are “overestimating” their power.

    Late in the meeting, one leader tries to inject a light moment, referring back to Eby’s elephant analogy.

    “Eating an elephant, it can be done with help,” they say. “We could fry it, we could boil it … We could barbecue it. That lasagna I ate yesterday said I’m a family of four.”

    Eby told the subsequent news conference that enacting the suspension would represent a confidence vote for his government.

    He said the suspension was “least invasive way that we could think of” to mitigate DRIPA’s possible unintended impacts across the province’s legal system.

  • Canada is a country drowning in a flood of red ink

    A year ago, Ottawa and the provinces were forecasting years-long deficit sprees that would add tens of billions of dollars in debt before the red ink started to turn from a torrent to a trickle. Those were the days.

    Now, those deficit projections are growing, quickly and dangerously. As the graphic below shows, the collective deficit of the federal and provincial governments projected for the fiscal year just started has risen by an eye-popping 88 per cent, or $52.3-billion compared to last year’s outlook.

    The federal government accounts for two-thirds of that new wave of red ink, with its deficit projections rising in the November budget. But, separately, the provinces are now forecasting sharp declines in their fiscal outlooks.

    Chief among them is British Columbia, in the process of moving from one of the least indebted provinces to one of the heaviest borrowers. Last year, the B.C. NDP government said the deficit would gradually decline to $9.9-billion in fiscal 2028 from $10.9-billion in fiscal 2026.

    But in its most recent budget, the B.C. government said the 2028 deficit would be $12.2-billion. A credit downgrade from Moody’s followed, citing “a deterioration in long-term fiscal management.” And as we’ve previously noted, the province’s fiscal forecasts, grim as they are, rest on a series of implausible assumptions about ultralow growth in health and education spending. As bad as B.C.’s numbers look, they will turn out to be worse.

    Nova Scotia, too, was hit with a credit downgrade weeks before tabling its budget on Feb. 23, with S&P Global saying it expected higher deficits than previously forecast. Those worries were justified: Nova Scotia is piling on debt at a much faster pace. The province had forecast that its net debt to GDP would hit 40.9 per cent in fiscal 2029, up from 31.9 per cent in fiscal 2025. But in this year’s budget, that debt ratio is now forecast to hit 44.8 per cent in fiscal 2029.

    The broad trend is the same in the rest of the provinces. Ontario has pushed back the timeframe for returning to a balanced budget. Saskatchewan has dropped into deficit and Alberta has sunk deeper into the red (although surging energy prices might change their fiscal outlooks).

    The reasons aren’t hard to figure out. Health care costs are rising as the population ages. Economic growth is weakening, most immediately because of trade and geopolitical turmoil but more fundamentally due to declining productivity.

    Higher oil prices could drastically reduce Alberta’s budget shortfall

    Grim as the immediate forecasts are, the long term outlook is more dire, as University of Calgary economist Trevor Tombe points out in a recent post on The Hub. He concludes that the debt paths for Ottawa and the provinces is unsustainable. Big tax hikes or spending cuts will be needed.

    Prof. Tombe estimates Ottawa would need to double the federal GST to close its fiscal gap (or make spending cuts of equal magnitude). Returning the provinces to fiscal sustainability over the next half-century will be even more costly: an extra 15 points of sales tax, or $170-billion in spending cuts.

    Neither option is politically feasible. What could work is to reignite economic growth. Prof. Tombe notes that labour productivity growth has plummeted over the last decade, increasing by just 0.2 per cent a year, far lower than the average of 1.3 per cent between 1995 and 2015. Policy changes that returned labour productivity to that higher historical average would eliminate much of the fiscal decay in coming decades. A boost to 1.5 per cent annual productivity growth would put Ottawa and the provinces on a sustainable debt path.

    The policy choices needed to reignite productivity growth are well known: reducing taxes on investment, tearing down interprovincial trade barriers and removing regulatory barriers that dampen competition. It’s just that governments are unwilling to do what must be done. And that reveals the most worrying deficit of all in this year’s budgets – a galling shortfall of political courage.

  • US payrolls rose by 178,000 in March, more than expected; unemployment at 4.3%


    Published Fri, Apr 3, 2026
    Key Points
    Nonfarm payrolls rose a seasonally adjusted 178,000 in March, a reversal from the 133,000 decline in February and better than the Dow Jones consensus estimate for 59,000.
    The unemployment rate edged lower to 4.3%, though that was largely from a sharp reduction in the labor force.
    Wages also rose less than expected, with average hourly earnings up just 0.2% for the month and 3.5% from a year ago. The annual increase was the lowest since May 2021.
    As has been the case, health care was responsible for much of the growth, with the sector adding 76,000 jobs.
    U.S. economy adds 178K jobs in March, unemployment rate dips slightly to 4.3%

    U.S. economy adds 178K jobs in March, unemployment rate dips slightly to 4.3%
    The U.S. labor market bounced back in March, with job creation much stronger than expected though the broader picture of a slow-growth labor market held intact.

    Nonfarm payrolls rose a seasonally adjusted 178,000 during the month, a reversal from the 133,000 decline in February and better than the Dow Jones consensus estimate for 59,000, the Bureau of Labor Statistics reported Friday. February’s number was revised down by 41,000 while January was revised up by 34,000 to 160,000, putting the three-month average around 68,000.

    The unemployment rate edged lower to 4.3%, though that was largely from a sharp reduction in the labor force.

    “The bottom line is March was somewhat encouraging, but it’s been a rocky year for the labor market with almost no hiring since last April,” said Heather Long, chief economist at Navy Federal Credit Union. “The March data will keep the Federal Reserve on hold, but no one is declaring victory yet. It’s likely to be a tough spring for job seekers.”

    As has been the case, health care was responsible for much of the growth, with the sector adding 76,000 jobs. A strike at health-care provider Kaiser Permanente in February hit the sector. The BLS said ambulatory health care services rose by 54,000, with 35,000 coming from the strike workers returning.

    Construction saw an increase of 26,000, while transportation and warehousing posted a gain of 21,000.

    On the downside, the federal government saw a loss of 18,000, while financial activities lost 15,000.

    Though the unemployment rate posted a decline, the move largely came from a decline of 396,000 in the labor force. The share of working-age Americans in the labor force fell to 61.9%, its lowest since November 2021.

    The survey of households, which is used to compute the unemployment rate, showed 64,000 fewer people holding jobs. An alternative unemployment figure that counts discouraged workers and those holding part-time jobs for economic reasons edged up to 8%. Long-term unemployment continued to be elevated, though the average weeks of unemployment fell to 25.3.

    Wages also rose less than expected, with average hourly earnings up just 0.2% for the month and 3.5% from a year ago. Economists had expected respective readings of 0.3% and 3.7%. The annual increase was the lowest since May 2021. Hours worked declined 34.2, down one-tenth from February.

    The U.S. stock market was closed in observance of the Good Friday holiday. Stock market futures were slightly negative following the report. The bond market continued to trade, with Treasury yields higher ahead of an early close.

    The report comes amid a changing labor market, with the economy needing to add fewer jobs to keep the broader employment picture stable. The St. Louis Federal Reserve estimated recently that payroll growth of as little as 15,000 could keep the unemployment rate steady.

    Federal Reserve officials have been weighing the jobs data as they plot their intentions regarding interest rates. Most policymakers have been content to watch the data unfold and take a patient approach, though a few have pushed for interest rate cuts to head off labor market weakness.

    With inflation well above the Fed’s target and energy prices surging as the Iran war continues, markets expect little movement from the central bank this year. Following the jobs report, futures pointed to virtually no probability of a move at the April 28-29 Federal Open Market Committee meeting and a 77.5% probability the Fed will stay on hold through the end of the year, according to the CME Group’s FedWatch to Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news

  • What Happened March 31 on the TSX?

    Index direction (intraday):

    • The S&P/TSX Composite rose ~+1.2% to ~32,300–32,800 range during today’s session.

    Primary driver (macro):

    • Geopolitical easing (Middle East conflict) improved risk sentiment, triggering a relief rally.

    Sector performance:

    • Broad-based gains (all major sectors positive).
    • Technology and materials led, ~+3% type moves cited.
    • Energy remained strong on elevated oil prices (still >$100/bbl).

    Macro overlay (Canada):

    • GDP (Jan): +0.1% MoM → weak but positive growth.
    • Market pricing ~2 BoC rate hikes by year-end due to inflation risk from oil.

    Context (month/quarter):

    • March: ~–5.6% (worst month since mid-2022) [
    • 1: ~+2% gain overall
  • Tribunal approves $8.5-billion deal for Ontario First Nations to lead their own child welfare

    The Canadian Human Rights Tribunal has approved an $8.5-billion agreement that will give First Nations in Ontario authority to lead their own children and family services in a long-term deal with the federal government.

    This is the first regional agreement to be finalized in a 20-year battle for equitable child welfare services for First Nations across the country. The fight started in 2006 when the First Nations Caring Society argued the federal government was discriminating against Indigenous children by underfunding them.

    “First Nations in Ontario are ready, and they have chosen to exercise their right to self-determination by requesting this agreement,” read a letter from the tribunal dated Monday.

    Claimants in First Nations child welfare case start receiving payments

    In its expedited decision, the tribunal emphasized that First Nations have always been the best option to care for their own children.

    “The concept of the ‘best interests of the child’ has too often been used to justify oppression, removal, and control, while imposing non-Indigenous perspectives on Indigenous Peoples,” read the decision.

    “For this reason, the Tribunal has consistently emphasized that the best interests of the child must be understood and applied through an Indigenous lens to avoid repeating history.”

    The tribunal went on to say that the “unnecessary” removal of children from their families and communities qualified as the “worst harm.”

    The agreement includes funding for capital, support for children once they reach the age of majority, and prevention efforts. The deal also includes $258-million for housing infrastructure designed to keep children safe in their own homes, the minister said.

    In 2016, the Canadian Human Rights Tribunal sided with the First Nations Caring Society and ordered the government to end its discrimination against First Nations children and families. The parties have since negotiated a $23-billion compensation package for 300,000 First Nations children and adults across the country that began to roll out last year.

    Ontario First Nations leadersin 2024 pushed Assembly of First Nations chiefs to accept a $48-billion offer to reform child welfare services, negotiated by the AFN, Chiefs of Ontario, Nishnawbe Aski Nation, and Indigenous Services Canada, on behalf of all First Nations. Ultimately the AFN chiefs rejected the offer, holding out for a larger investment and a clearer commitment. The Chiefs of Ontario and Nishnawbe Aski Nation then moved forward with their own negotiations.

    Minister of Indigenous Services Mandy Gull-Masty said in a press release Monday the Ontario agreement “will support First Nations in exercising their right to care for their own children – by strengthening prevention-focused services, supporting families, and enabling communities to design and deliver programs rooted in their own laws, cultures, languages, and priorities.”

    The tribunal said the agreement satisfies its order to end Canada’s discrimination against First Nations children and families by giving control and jurisdiction to the First Nations in Ontario.

    Tanya Talaga: Truth and reconciliation, 10 years later: Education got us into this mess. Will it get us out?

    Nishnawbe Aski Nation Grand Chief Alvin Fiddler said in a press conference in Toronto that the agreement includes a new funding formula to determine specific costs for child welfare service delivery in the remote north.

    “We want to also apply that to education and health and capital,” Mr. Fiddler said.

    National Chief Cindy Woodhouse Nepinak of the AFN commended the Ontario leaders for their work to ensure “funding matches the economic realities of First Nations in remote areas.”

    The national organization called on Canada “to make the same commitment and to work with any region that chooses to pursue a regional path to long-term reform, and to resume the work towards a national agreement. We also hope to see the OFA funding flow swiftly and without delay.”

    Cindy Blackstock of the First Nations Caring Society said the decision preserves the order that Canada permanently stop its discrimination against First Nations children.

    She wants the tribunal to approve a plan submitted by the Caring Society and the National Children’s Chiefs Commission late last year. Indigenous Services Canada has also submitted its own plan, which Ms. Blackstock calls too bureaucratic with no First Nations input.

    Federal government commits $1.55-billion for First Nations children

    At the same press conference, Grand Chief Joel Abram of the Association of Iroquois and Allied Indians said the agreement allows First Nations to move “from a system of crisis to a system of care.”

    He said the work to implement the agreement means supporting First Nations and agencies to develop plans and finalize infrastructure investment “to ensure our families have safe and functional spaces.”

    In the press conference in Toronto on Monday, young Indigenous leaders reminded the Ontario chiefs and communities of the work ahead.

    “It’s our responsibility now, it is in your hands to carry and uphold the responsibility to protect your children to ensure families have the environment to thrive,” said Kohen Mattinas, a member of the Oshkaatisak Youth Council from Thunder Bay.

    “Today marks a step towards healing the child and the parent and breaking cycles to ensure that we raise happy and healthy families, healthy and happy children together.”

  • Calendar: Mar 30 – Apr. 3

    Monday March 30

    Euro area economic and consumer confidence; Germany CPI and retail sales

    1030 am ET: Federal Reserve Chair Jerome Powell participates in a moderated discussion at Harvard University

    Earnings include: Allied Gold


    Tuesday March 31

    China PMIs. Japan CPI, jobless rate, retail sales and industrial production

    Euro area CPI for March. It’s expected to be up 2.6 per cent from a year earlier, accelerating from February’s 1.9 per cent

    830 am ET: Canada monthly real GDP. A flat reading is expected

    9 am ET: U.S. S&P Cotality Case-Shiller home price index

    10 am ET: U.S. job openings and labour turnover survey for February

    10 am ET: U.S. conference board consumer confidence index

    Earnings include: Beyond Meat


    Wednesday April 1

    Manufacturing PMIs from China, Japan, euro area and UK

    S&P global manufacturing surveys released for Canada and U.S.

    815 am ET: U.S. ADP national employment report for March

    830 am ET: U.S retail sales for February. Consensus is for a rise of 0.4 per cent, or 0.2 per cent excluding autos and gasoline

    10 am ET: U.S. business inventories for January

    130 pm ET: Bank of Canada Summary of Deliberations for the March 18 policy decision

    March U.S. and Canadian auto sales

    Earnings include: Conagra Brands, Tilray Brands


    Thursday April 2

    830 am ET: Canada merchandise trade balance for February. A $3-billion deficit is expected

    830 am ET: U.S. initial jobless claims

    830 am ET: U.S. goods and services deficit for February. Consensus is US$61.1-billion


    Friday April 3

    Canadian and U.S. stock markets closed for Good Friday. Limited bond market activity.

    830 am ET: U.S. nonfarm payrolls for March. Consensus is 51,000 net new jobs, a turnaround from February’s loss of 92,000 jobs. The unemployment rate is expected to hold steady at 4.4 per cent


    Sunday, April 5

    OPEC+ meeting

  • Alimentation Couche-Tard CEO optimistic despite rising fuel costs straining customers

    Higher gas prices may be rattling consumers, but the head of convenience store giant Alimentation Couche-Tard Inc. isn’t worried about it causing a dramatic hit to his business.

    CEO Alex Miller says historically, when fuel has become more expensive, the amount of gas the average customer purchases at one time has fallen.

    He says that doesn’t mean higher gas prices are destructive for demand because he’s seen them spur additional trips to the pumps.

    He reasons that’s because many consumers have no choice but to fill up their gas tanks, even when it gets more costly to do so.

    Gas prices cracked the $2-per-litre mark in some Canadian markets this week as the war in the Middle East continued, hampering the supply and driving up the price of fuel.

    Miller says high gas prices do put additional pressure on already-stretched consumers, but doesn’t hinder in-store traffic or performance at his stores.

  • Linamar signs deal to buy two factories in Germany

    Linamar Corp. says it has signed a deal with Winning BLW to buy the company’s factories in Remscheid and Penzberg, Germany.

    Financial terms of the deal were not immediately available.

    Linamar says the Remscheid operation produces high-performance precision bevel and intermediate gears for the light vehicle market.

    The Penzberg facility specializes in helical gears and high-precision components serving the commercial and off-highway sectors.

    Linamar says both locations serve customers that it already has significant existing business with, while also introducing new key customers.

    It says the deal will add about $200 million in annualized revenue.

    This report by The Canadian Press was first published March 27, 2026.

  • Mar 27: Stocks sink as Iran strike postponement offers limited reprieve

    Major North American indexes were mixed on Friday as ⁠the ​month-long Middle East conflict dragged on, weighing on ​sentiment ‌despite the United States pushing back another deadline to ‌strike ​Iran’s ‌energy infrastructure.

    At 10:09 a.m. ET the ⁠Dow Jones Industrial Average fell 1.06%, the S&P 500 lost 0.94%, and the Nasdaq Composite ⁠shed 1.27%.

    The Toronto Stock ⁠Exchange’s S&P/TSX composite ​index opened lower but soon turned around with the help of rallying gold and oil prices. In late morning trade, it was up 0.6%.

    Oil prices rose, but were set for their first weekly decline since February 9 as U.S. President Donald Trump extended a pause in attacks ⁠on Iran’s energy ​plants, though investors remain cagey about prospects for ceasefire in the month-old war.

    Brent crude futures rose by $2.85, or 2.64%, to $110.86 a barrel by 1322 GMT. U.S. West Texas Intermediate futures were up $2.53, or 2.68%, at $97.01.

    The Brent benchmark has jumped 53% since ​February 27, the day before the U.S. and Israel ‌launched strikes against Iran, but was down 1.2% this week. WTI, up 45% since the war began, was down 1.3% over the week.

    “Despite talks of de-escalation, oil is trading on war longevity, not just headlines. Any direct damage to oil infrastructure or prolonged conflict could force markets to rapidly reprice ‌higher,” said ​Priyanka Sachdeva, analyst at Phillip ‌Nova.

    While Trump extended his deadline for Iran to reopen the Strait of Hormuz or ​face the destruction of its energy infrastructure, the U.S. has ⁠also sent thousands of troops to the Middle East, with Trump weighing ⁠whether to use ground forces to seize Iran’s strategic oil hub of Kharg Island.

    The U.S. can only ​determine with certainty that it has destroyed about a third of Iran’s vast missile arsenal, five people familiar with the U.S. intelligence told Reuters.

    An Iranian official told Reuters that a 15-point U.S. proposal, conveyed to Tehran by Pakistan, was “one-sided and unfair.”

    “More talk of a deferral of U.S. strikes on the Iranian ⁠grid seems to have faded quickly, with the market all too aware of the build-up of U.S. miliary power, Iranian intransigence and the tendency towards a flurry of events over the weekend when markets are closed,” said Sparta Commodities analyst Neil Crosby.

    The conflict has taken about 11 million barrels per day out of global oil supply, with the ⁠International Energy Agency describing the crisis as worse than ​the two 1970s oil shocks combined.

    “Every day flows through the Strait remain restricted, more than 10 million ⁠barrels of oil are missing … tightening the oil market further,” said UBS analyst Giovanni Staunovo.

    Analysts at Macquarie Group said ‌that oil prices will fall quickly if the war begins to wind down soon but ​still remain above pre-conflict levels. However, prices could rise to $200 if the war drags on until the end of June, they added.

    The S&P 500 and the Nasdaq stayed on ‌track for their ​fifth week of losses. The Dow ‌was set to end the week little changed.

    The CBOE Volatility Index, considered Wall Street’s fear gauge, ​was up 2.56 points at 30.

    At 10:09 a.m. ET the ⁠Dow Jones Industrial Average fell 1.06%, the S&P 500 lost 0.94%, and the Nasdaq Composite ⁠shed 1.27%.

    The S&P 500 communication services index remained under pressure and was down 0.9% as Alphabet and Meta posted declines of 1.2% ​and 1.7%, respectively.

    Software stocks were also hit, with the iShares Expanded Tech-Software sector ETF falling 3.4% to a more than one-month low.

    Consumer discretionary stocks lost 1.4%. Cruise-operator Carnival Corp was down 1.3% after cutting its annual adjusted profit forecast.

    Oil prices were up nearly 3%, weighing on airline stocks, with American Airlines and United Airlines down 1.2% each.

    On Thursday, the Nasdaq ended ⁠more than 10% lower from its record close, confirming it had been in correction territory. The Russell 2000, the first on the correction path, confirmed it last Friday.

    “The speed of the market’s declines in recent weeks and the fact that most of this fear has been driven by a single narrative, geopolitical tensions, suggests that the market is in the midst of a correction, and not a bear ⁠market,” said Glen Smith, chief investment officer, GDS Wealth Management.

    The spike ​in oil prices as a result of the Iran war has brought inflation fears to the forefront, ⁠complicating the future rate-cut path for central banks.

    Money market participants are not pricing in any easing from the U.S. Federal Reserve this year, compared ‌with two cuts anticipated before the conflict broke out, according to CME’s FedWatch Group. Expectations of a rate hike ​in December were last at 49%.

    University of Michigan consumer sentiment data released on Friday showed consumer sentiment was at 53.3 versus a preliminary reading of 55.5.

    Investors will look for commentary from regional Fed Presidents Thomas Barkin, Mary Daly and Anna Paulson later in the day.

    In individual movers, Unity ​Software’s shares jumped 11.7% after the maker of videogame software reported first-quarter preliminary revenue above analysts’ estimates.

    Reuters, Globe staff