Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

CANADA STOCKS-Futures little changed ahead of inflation data

Published 2017-06-23, 07:44 a/m
Updated 2017-06-23, 07:50 a/m
© Reuters.  CANADA STOCKS-Futures little changed ahead of inflation data

© Reuters. CANADA STOCKS-Futures little changed ahead of inflation data

June 23 (Reuters) - Stock futures pointed to a flat opening for Canada's main stock index on Friday as investors awaited a report on inflation.

Canada's annual inflation rate is forecast to have cooled to 1.5 percent in May, from 1.6 percent in April, which will take it further away from the Bank of Canada's 2 percent target. The report is scheduled to release at 8:30 a.m. ET. ECONCA

September futures on the S&P TSX index SXFc1 were up 0.06 percent at 7:15 a.m. ET.

Canada's main stock index rose on Thursday as the financial and resource sectors advanced, while non-bank lender Home Capital Group HCG.TO jumped after it said it would get a line of credit from Berkshire Hathaway (NYSE:BRKa) Inc BRKa.N . Jones Industrial Average e-mini futures 1YMc1 were down 0.18 percent at 7:15 a.m. ET. S&P 500 e-mini futures ESc1 were up 0.01 percent and Nasdaq 100 e-mini futures NQc1 were down 0.09 percent. .N

(Morning News Call newsletter http://share.thomsonreuters.com/assets/newsletters/Morning_News_Call/MNC_US.pdf ; The Day Ahead newsletter http://share.thomsonreuters.com/assets/newsletters/The_Day_Ahead/TDA_NAM.pdf)

TOP STORIES TOP/CAN

BlackBerry Ltd BB.TO , BBRY.O reported first-quarter revenue that missed analysts' estimates as the company received fewer orders from its enterprise customers. of Canada's biggest banks are the largest providers of C$5.5 billion in credit for Kinder Morgan (NYSE:KMI) Canada Ltd's KML.TO Trans Mountain pipeline expansion project, the company said in regulatory filings on Thursday. Western companies in Democratic Republic of Congo treading carefully in the face of political turbulence and a worsening business climate, Canada's First Cobalt Corp FCC.V is an unlikely newcomer to the central African nation's mining scene. RESEARCH HIGHLIGHTS RCH/CA

Bombardier BBDb.TO : TD Securities raises price target to C$2.15 from C$2.05

Home Capital Group HCG.TO : National Bank of Canada raises rating to "sector perform" from "underperform"

Silver Standard Resources Inc SSO.TO : Deutsche Bank (DE:DBKGn) cuts target price to C$14 from C$14.5

COMMODITIES AT 7:15 a.m. ET COM/WRAP

Gold futures GCc2 : $1,258.8; +0.75 pct GOL/

US crude CLc1 : $42.86; +0.28 pct O/R

Brent crude LCOc1 : $45.55; +0.31 pct O/R

LME 3-month copper CMCU3 : $5,807.50; +1.14 pct MET/L

U.S. ECONOMIC DATA DUE ON FRIDAY

0945 Markit Composite Flash PMI for June: Prior 53.60

0945 Markit Manufacturing PMI Flash for June: Expected 53.0; Prior 52.7

0945 Markit Services PMI Flash for June: Expected 53.7; Prior 53.6

1000 New home sales-units for May: Expected 0.597 mln; Prior 0.569 mln

1000 New home sales change mm for May: Expected 5.4 pct; Prior -11.4 pct

1030 ECRI Weekly Index: Prior 144.0

1030 ECRI weekly annualized: Prior 3.7 pct

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report .TO

Canadian dollar and bonds report CAD/ CA/

Reuters global stocks poll for Canada EQUITYPOLL1 EPOLL/CA

Canadian markets directory CANADA ($1 = C$1.32)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.