Feb 16 Canada's main stock index was set to open
lower on Thursday, after closing at a record high a day earlier,
as investors assessed results of companies, including Bombardier
March futures on the S&P TSX index were down 0.14
percent at 7:15 a.m. ET.
The Toronto Stock Exchange's S&P/TSX composite index rose on
Wednesday, led by gains for its financial services group after
strong economic data from both Canada and the United States.
No major Canadian economic releases are scheduled.
Dow Jones Industrial Average e-mini futures were
down 0.15 percent at 7:15 a.m. ET, while S&P 500 e-mini futures
were down 0.16 percent and Nasdaq 100 e-mini futures
were down 0.01 percent.
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Canadian plane and train maker Bombardier Inc
reported lower-than-expected revenue, hurt by weak demand in its
rail and business aircraft units.
Canadian oil and gas producer Cenovus Energy Inc,
reported a surprise quarterly profit as production rose
and costs fell.
Canadian oil and natural gas producer Encana Corp
reported a quarterly operating profit that topped analysts'
estimates and boosted its 2017 capital expenditure target by 50
percent from a year earlier.
ANALYST RESEARCH HIGHLIGHTS
Barrick Gold Corp : Credit Suisse raises target
price to $25 from $23
Colliers International Group Inc : CIBC raises
rating to "outperformer" from "neutral"
First Capital Realty Inc : CIBC cuts target price to
C$22 from C$23
COMMODITIES AT 7:15 a.m. ET
Gold futures : $1237.1; +0.44 percent
US crude : $53.38; +0.51 percent
Brent crude : $56.1; +0.63 percent
LME 3-month copper : $6030; -0.61 percent
U.S. ECONOMIC DATA DUE ON THURSDAY
08:30 Building permits: number for Jan: Expected 1.230 mln;
Prior 1.228 mln
08:30 Build permits: change mm for Jan: Prior 1.3 pct
08:30 Housing starts number mm for Jan: Expected 1.222 mln;
Prior 1.226 mln
08:30 House starts mm: change for Jan: Prior 11.3 pct
08:30 Initial jobless claims: Expected 245,000; Prior
08:30 Jobless claims 4-week average: Prior 244,250
08:30 Continued jobless claims: Expected 2.051 mln; Prior
08:30 Philly Fed Business Index for Feb: Expected 18.0;
08:30 Philly Fed 6M Index for Feb: Prior 56.60
08:30 Philly Fed Capex Index for Feb: Prior 21.90
08:30 Philly Fed Employment for Feb: Prior 12.80
08:30 Philly Fed Prices Paid for Feb: Prior 32.50
08:30 Philly Fed New Orders for Feb: Prior 26.00
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report
Canadian dollar and bonds report
Reuters global stocks poll for Canada
Canadian markets directory
(Reporting by Shradha Singh in Bengaluru; Editing by Anil