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CANADA STOCKS-TSX futures higher, Jackson Hole meeting in focus
August 24, 2017 / 11:50 AM / a month ago

CANADA STOCKS-TSX futures higher, Jackson Hole meeting in focus

Aug 24 (Reuters) - Futures pointed to a higher opening for Canada’s main stock index on Thursday ahead of the annual gathering of central bankers at Jackson Hole, Wyoming.

September futures on the S&P TSX index were up 0.23 percent at 7:15 a.m. ET.

Canada’s benchmark stock index rose on Wednesday, after upbeat quarterly results from Royal Bank of Canada helped lift financial stocks, and higher oil prices gave oil and gas companies a boost.

Dow Jones Industrial Average e-mini futures were up 0.17 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.14 percent and Nasdaq 100 e-mini futures were up 0.27 percent.

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TOP STORIES

Canadian Imperial Bank of Commerce reported third-quarter earnings ahead of market expectations, with a strong performance from its retail business offsetting a weaker showing at its investment banking division.

The review of TransCanada Corp’s proposed Energy East pipeline will consider its indirect greenhouse gas contributions, Canada’s National Energy Board regulator said on Wednesday, expanding the scope of the assessment.

ANALYST RESEARCH HIGHLIGHTS

Alimentation Couche Tard Inc: Eight Capital cuts price target to C$65 from C$77

Royal Bank Of Canada : Barclays raises target price by 2 pct to C$96

COMMODITIES AT 7:15 a.m. ET

Gold futures: $1285.9; -0.23 percent

US crude: $48.17; -0.5 percent

Brent crude: $52.36; -0.4 percent

LME 3-month copper: $6615.5; +0.77 percent

U.S. ECONOMIC DATA DUE ON THURSDAY

0830 Build permits R number mm for July: Prior 1.223 mln

0830 Build permits R change for July: Prior -4.1 pct

0830 Initial jobless claims: Expected 238,000; Prior 232,000

0830 Jobless claims 4-week average: Prior 240,500

0830 Continued jobless claims: Expected 1.950 mln; Prior 1.953 mln

1000 Existing home sales for July: Expected 5.57 mln; Prior 5.52 mln

1000 Existing home sales percentage Change for July: Expected 0.9 pct; Prior -1.8 pct

1100 KC Fed Manufacturing for Aug: Prior 4

1100 KC Fed Composite Index for Aug: Prior 10

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$1.25) (Reporting by Pathikrit Bandyopadhyay in Bengaluru; Editing by Shounak Dasgupta)

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