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CANADA STOCKS-Futures little changed as investors track Hurricane Irma
September 7, 2017 / 11:58 AM / 13 days ago

CANADA STOCKS-Futures little changed as investors track Hurricane Irma

Sept 7 (Reuters) - Canada’s main stock index futures were little changed on Thursday as investors tracked the path of Hurricane Irma and Brent oil prices held steady as U.S. refiners restarting after Tropical Storm Harvey increased their crude processing.

September futures on the S&P TSX index were down 0.01 percent at 7:45 a.m. ET.

Building permits data for July is due at 08:30 a.m. ET. Canada’s Ivey PMI data for August is also scheduled to release at 10:00 a.m. ET.

Canada’s main stock index edged lower on Wednesday as a surprise Bank of Canada interest rate hike pressured rate-sensitive sectors, including telecoms and utilities, while the materials group also lost ground, offsetting gains for energy shares.

Dow Jones Industrial Average e-mini futures were up 0.01 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.04 percent and Nasdaq 100 e-mini futures were up 0.12 percent.

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TOP STORIES

Canadian dollar-store operator Dollarama Inc reported a better-than-expected quarterly profit for the ninth straight quarter, as customers on average spent more at its stores.

Kinder Morgan Canada Ltd on Wednesday named six major contractors for its Trans Mountain pipeline expansion and said construction is on schedule, even as significant hurdles remain for the project.

Hudson’s Bay Co activist shareholder Land and Buildings said on Wednesday it believed a highly qualified third-party buyer had “serious interest” in acquiring Galeria Kaufhof, the department store operator’s European chain.

ANALYST RESEARCH HIGHLIGHTS

Alimentation Couche Tard Inc: Desjardins cuts price target to C$72 from C$74

Restaurant Brands International Inc: Credit Suisse raises price target to $74 from $60

COMMODITIES AT 7:15 a.m. ET

Gold futures: $1339.4; +0.41 percent

US crude: $49.04; -0.24 percent

Brent crude: $54.46; +0.48 percent

LME 3-month copper: $6880.5; -0.3 percent

U.S. ECONOMIC DATA DUE ON THURSDAY

0830 Initial jobless claims: Expected 241000; Prior 236000

0830 Jobless claims 4 week average: Prior 236750

0830 Continued jobless claims: Expected 1.950 mln; Prior 1.942 mln

0830 Labor costs revised for Q2: Expected 0.3 pct; Prior 0.6 pct

0830 Productivity revised for Q2: Expected 1.3 pct; Prior 0.9 pct

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report

Canadian dollar and bonds report

Reuters global stocks poll for Canada

Canadian markets directory ($1 = C$1.22) (Reporting by Pathikrit Bandyopadhyay in Bengaluru; Editing by Shounak Dasgupta)

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