October 21, 2016 / 11:32 AM / 9 months ago

CANADA STOCKS-Futures dip ahead of inflation, retail sales data

3 Min Read

Oct 21(Reuters) - Canada stock futures were lower on Friday, as investors stayed cautious ahead of annual inflation and August retail sales data.

December futures on the S&P TSX index were down 0.21 percent at 7:15 a.m. ET.

Inflation and retail sales data is due at 8:30 a.m. ET .

Canada's main stock index inched higher on Thursday, as modest gains in heavyweight gold mining and banking stocks helped offset weakness among consumer and industrial names.

Dow Jones Industrial Average e-mini futures were down 0.39 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were down 0.37 percent and Nasdaq 100 e-mini futures were down 0.17 percent.

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

Top Stories

Canadian plane and train maker Bombardier Inc will shed jobs for the second time this year, cutting about 10 percent of its global workforce over two years as it deepens turnaround efforts at its rail division.

Canadian rig contractor Precision Drilling Corp reported a smaller-than-expected quarterly loss, helped by lower operating costs, and raised its capital budget for the year after winning new contracts.

Royal Dutch Shell Plc said on Thursday it is selling $1.03 billion worth of non-core oil and gas properties in western Canada to Tourmaline Oil Corp, the latest example of the global oil major trimming its operations in the region.

Analyst Research Highlights

Canadian Pacific Railway : Desjardins raises target to C$227 from C$212

First Majestic Silver Corp : Desjardins cuts target price to C$14 from C$23

Goldcorp Inc : Desjardins cuts target price to C$26 from C$28


Gold futures : $1,265.2; -0.07 pct

US crude : $50.88; +0.49 pct

Brent crude : $51.73; +0.68 pct

LME 3-month copper : $4,662.00; +0.21 pct

u.s. Economic Data Due on Friday

1030 ECRI Weekly Index: Prior 139.6

1030 ECRI weekly annualized: Prior 8.8 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= C$1.32) (Reporting by Nivedita Balu in Bengaluru; Editing by Sriraj Kalluvila)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below