June 30, 2016 / 11:22 AM / a year ago

CANADA STOCKS-Futures up ahead of GDP data

3 Min Read

June 30 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Thursday ahead of data on the country's economic growth which is expected to have climbed 0.1 percent in April, following two months of declines.

GDP, producer prices and raw materials prices data is due at 8:30 a.m. ET.

September futures on the S&P TSX index were up 0.16 percent at 7:15 a.m. ET.

Canada's main stock index scored its largest gain in seven weeks on Wednesday as higher oil prices boosted shares of energy companies and investors bought back into banks after the initial shock of Britain's vote to exit the European Union.

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 0.16 percent and Nasdaq 100 e-mini futures were up 0.13 percent.

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

Top Stories

Canadian planemaker Bombardier Inc will soon get the certification of the larger of its CSeries jet family, a senior executive said on Wednesday, after delivering its first 110-seater CS100 plane, the smaller model, to Swiss International Airlines.

Laurentian Bank of Canada said it would buy CIT Group Inc's Canadian equipment financing and corporate financing business, a portfolio worth about C$1 billion ($772 million).


Gold futures : $1,320.40; -0.49 pct

US crude : $49.36; -1.06 pct

Brent crude : $50.18; -0.85 pct

LME 3-month copper : $4,834.00; -0.08 pct

Analyst Research Highlights

Baytex Energy Corp : BMO raises ratings to "market perform" from "underperform"

Canadian Imperial Bank Of Commerce : RBC cuts price target to C$104 from C$106

u.s. Economic Data Due on Thursday

0830 Initial jobless claims: Expected 267,000; Prior 259,000

0830 Jobless claims 4-week average: Prior 26,700

0830 Continued jobless claims: Expected 2.150 mln; Prior 2.142 mln

0945 Chicago PMI for Jun: Expected 50.7; Prior 49.3

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$1.29) (Reporting by Riniki Sanyal in Bengaluru; Editing by Don Sebastian)

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