April 27 Canada's main stock index futures were
little changed on Thursday amid concerns about Canada's trade
relationship with the United States.
U.S. President Donald Trump said a renegotiated trade deal
with neighboring Canada and Mexico was "very possible" but that
if a "fair deal for all" could not be reached, the NAFTA treaty
would be terminated.
June futures on the S&P TSX index were up 0.04
percent at 7:15 a.m. ET.
Canada's main stock index pulled back on Wednesday from a
two-month high the day before, pressured by a plunge in the
shares of Home Capital Group Inc and investor worries
about Canada's trade relationship with the United States.
No major economic releases are scheduled for release in
Dow Jones Industrial Average e-mini futures were up
0.1 percent at 7:15 a.m. ET, while S&P 500 e-mini futures
were up 0.07 percent and Nasdaq 100 e-mini futures were
up 0.14 percent.
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Potash Corp of Saskatchewan, reported a
higher-than-expected rise in quarterly profit as lower costs and
increased potash sales volumes more than made up for weak
Canada's Crescent Point Energy Corp on Thursday
reported a surprise quarterly profit as higher realized prices
for oil offset a marginal fall in production.
Canadian gold miner Goldcorp Inc reported
better-than-expected first-quarter earnings on Wednesday as a
$250 million-a-year cost-cutting plan started to take effect.
ANALYST RESEARCH HIGHLIGHTS
BCE Inc: National Bank of Canada raises target
price to C$61 from C$59
Home Capital Group Inc: RBC cuts target price to
C$8 from C$15
Westshore Terminals Investment Corp: RBC cuts
rating to "sector perform" from "outperform"
COMMODITIES AT 7:15 a.m. ET
Gold futures: $1263.4; +0.1 percent
US crude: $49.08; -1.09 percent
Brent crude: $51.23; -1.14 percent
LME 3-month copper: $5722; +0.12 percent
U.S. ECONOMIC DATA DUE ON THURSDAY
08:30 Durable goods for Mar: Expected 1.2 pct; Prior 1.8 pct
08:30 Durables ex-transport for Mar: Expected 0.4 pct; Prior
08:30 Durables ex-defense mm for Mar: Prior 2.2 pct
08:30 Nondefense cap ex-air for Mar: Expected 0.5 pct; Prior
08:30 Advance goods trade balance for Mar: Prior -63.90 bln
08:30 Advance Wholesale Inventory for Mar: Prior 0.4
08:30 Advance Retail Inventory Ex Auto for Mar: Prior 0.0
08:30 Initial jobless claims: Expected 245,000; Prior
08:30 Jobless claims 4-Week Average: Prior 243,000
08:30 Continued jobless claims: Expected 2.005 mln; Prior
10:00 Pending Homes Index for Mar: Prior 112.3
10:00 Pending sales change mm for Mar: Expected -1.0 pct;
Prior 5.5 pct
11:00 KC Fed Manufacturing for Apr: Prior 37
11:00 KC Fed Composite Index for Apr: Prior 20
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 Nikhil Kumar in Bengaluru; Editing by Maju