CANADA STOCKS-Futures slip on U.S. rate hike prospects

Thu Oct 6, 2016 7:41am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

Oct 6 (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index on Thursday ahead of Friday's U.S. non-farm payrolls report, which is likely to raise expectations that the U.S. Federal Reserve could raise interest rates before the end of the year.

December futures on the S&P TSX index were down 0.2 percent at 7:10 a.m. ET.

Building permits for August, due at 8:30 a.m. ET, are expected to have risen 3.0 percent.

Canada's main stock index rose on Wednesday as higher oil prices boosted energy stocks, while the country's biggest railway companies and some of its major banks also gained as trade data offered further evidence of a third-quarter economic rebound.

Dow Jones Industrial Average e-mini futures were down 0.19 percent at 7:10 a.m. ET. S&P 500 e-mini futures were down 0.23 percent and Nasdaq 100 e-mini futures were down 0.18 percent.

(Morning News Call newsletter link.reuters.com/nex49s ; The Day Ahead newsletter link.reuters.com/mex49s)

TOP STORIES

Britain's SVG Capital accepted an offer from Goldman Sachs and the Canada Pension Plan Investment Board on Thursday, saying it gave shareholders a better return than a hostile bid from U.S. private equity rival HarbourVest.   Continued...