November 18, 2014 / 12:27 PM / 3 years ago

CANADA STOCKS-Futures indicate flat open for TSX

3 Min Read

Nov 18 (Reuters) - Stock futures pointed to a flat opening for Canada's main stock index on Tuesday, with December futures on the S&P TSX index unchanged at 7:15 a.m. ET.

No major Canadian economic events are scheduled.

The Toronto Stock Exchange's S&P/TSX composite index reached its highest in nearly 7 weeks on Monday as gains in shares of gold miners and TransCanada Corp helped offset concerns about Japan falling into a recession.

Dow Jones Industrial Average e-mini futures were up 0.02 percent at 7:15 a.m. ET on Tuesday, S&P 500 e-mini futures were down 0.02 percent and Nasdaq 100 e-mini futures were down 0.04 percent.

(Morning News Call newsletter; The Day Ahead newsletter

Top Stories

Sears Canada Inc reported its third straight quarterly loss, as sales continued to decline at the struggling department store chain.

A group led by Canadian property investor Ivanhoe Cambridge has clinched a deal to buy a Manhattan office tower for $2.25 billion from Blackstone Group LP, the Wall Street Journal reported, citing people familiar with the terms of the sale.

Commercial borrowing by small and medium-sized businesses in Canada declined for the third straight quarter in the July-September quarter, a PayNet survey showed.


Gold futures : $1,199.50; +1.35 pct

US crude : $75.76; +0.16 pct

Brent crude : $79.25; -0.06 pct

LME 3-month copper : $6,620.75; -1.24 pct

Analyst Research Highlights

Bank of Nova Scotia : Barclays raises price target to C$75 from C$74; rating "equal weight"

Dollarama : Raymond James cuts target price to C$55 from C$105; rating "outperform"

Metro Inc : Barclays raises price target to C$67 from C$60; rating "underweight"

u.s. Economic Data Due on Tuesday

0830 Core PPI final demand mm for Oct: Expected 0.1 pct; Prior 0.0 pct

0830 Core PPI final demand yy for Oct: Expected 1.3 pct; Prior 1.6 pct

0855 Redbook mm: Prior -1.0 pct

0855 Redbook yy: Prior 3.8 pct

1000 NAHB Housing Market Index for Nov: Expected 55.0; Prior 54.0

1600 Overall net capital flow for Sep: Prior 74.5 bln

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$1.13 Reporting by Nikhil Kumar; Editing by Savio D'Souza

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