June 12, 2014 / 11:39 AM / 3 years ago

CANADA STOCKS-TSX futures indicate stocks to open little changed

3 Min Read

June 12 (Reuters) - Canadian stocks looked set to open little changed on Thursday, a day after the World Bank trimmed its global growth forecast.

June futures on the S&P TSX index <0#SXF:> were up 0.04 percent at 0715 ET.

New Housing Price Index and capacity utilization data are due at 0830 ET

The TSX index was little changed on Wednesday as higher commodity prices helped bolster the natural resource sectors, offsetting negative sentiment fueled by a sluggish outlook for the global economy.

Dow Jones Industrial Average e-mini futures were up 0.05 percent at 0715 ET, S&P 500 e-mini futures were up 0.03 percent and Nasdaq 100 e-mini futures were up 0.04 percent.

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

Top Stories

BRP Inc, the maker of Ski-Doo snowmobiles and Sea-Doo watercraft, reported a 9 percent rise in quarterly profit due to a foreign exchange gain on long-term debt and lower tax expenses.

Canadian Agriculture Minister Gerry Ritz lashed out at the United States for acting like a "schoolyard bully" on trade issues, and said he saw more promise in negotiating a bilateral deal with Japan than the more ambitious Trans-Pacific Partnership.

Commodities at 0715 Et

Gold futures : $1,360.4; -0.03 pct

US crude : $105.97; 1.49 pct

Brent crude : $111.85; 1.73 pct

LME 3-month copper : $6,669.25; -0.31 pct

Analyst Research Highlights

Industrial Alliance Insurance : Canaccord Genuity raises rating to buy from hold

North West Co : Barclays cuts price target to C$25 from C$26; rating equal weight

WCP Resources Ltd : National Bank Financial raises target to C$19.50 from C$17.50

u.s. Economic Data Due on Thursday

0830 Import Prices mm for May: Expected +0.2 pct Prior -0.4 pct

0830 Export Prices mm for May: Expected +0.1 pct Prior -1.0 pct

0830 Initial Jobless Claims for w/e: Expected +310,000 Prior +312,000

0830 Jobless Claims 4-Wk Avg for w/e: Prior +310,250

0830 Continued Jobless Claims for w/e: Expected +2.598 mln Prior +2.603 mln

0830 Retail Sales mm for May: Expected +0.6 pct Prior +0.1 pct

0830 Retail Sales Ex-Autos mm for May: Expected +0.4 pct Prior 0.0 pct

0830 Retail Ex Gas/Autos for May: Prior -0.1 pct

0830 Retail Control for May: Expected 0.4 pct Prior -0.1 pct

1000 Business Inventories mm for April: Expected +0.4 pct Prior +0.4 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= $1.09 Canadian Reporting by Nikhil Kumar in Bangalore; Editing by Kirti Pandey

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