January 8, 2015 / 12:28 PM / 3 years ago

CANADA STOCKS-TSX set to open higher on Fed minutes

3 Min Read

Jan 8 (Reuters) - Stock futures pointed to a higher start for Canada's main stock index on Thursday tracking global markets, as a confident sounding U.S. Federal Reserve added to hopes of aggressive new stimulus this month from the European Central Bank.

March futures on the S&P TSX index were up 0.44 percent at 7.15 a.m. ET.

Data on new housing price index for November is due at 8.30 a.m. ET.

Canada's main stock index advanced moderately on Wednesday, helped by positive U.S. economic data and a pause in the rout of crude prices, which lifted market sentiment if not the shares of oil companies.

Dow Jones Industrial Average e-mini futures were up 1.06 percent at 7.15 a.m. ET, while S&P 500 e-mini futures were up 1.04 percent and Nasdaq 100 e-mini futures were up 1.04 percent. (Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)

Top Stories

Goldman Sachs Group Inc led investment banks advising on mergers and acquisitions in Canada in 2014, a year in which big international oil and gas deals were hot before oil prices turned cold.

ARC Resources Ltd said on Wednesday it would cut an already reduced 2015 capital spending budget by nearly 15 percent as it joins other Canadian petroleum producers in tightening purse strings to cope with a 50 percent drop in oil prices since June.


Gold futures : $1,206.30; -0.4 pct

US crude : $48.92; +0.5 pct

Brent crude : $51.43; +0.5 pct

LME 3-month copper : $6,124.25; +0.2 pct

Analyst Research Highlights

Morguard Corp : RBC raises price target to C$175 from C$165

Surge Energy Inc : BMO cuts price target to C$3.75 from C$4

u.s. Economic Data Due on Thursday

0830 Initial Jobless Claims: Expected 290,000; Prior 298,000

0830 Jobless Claims 4-Week Average: Prior 290,750

0830 Continued Jobless Claims: Expected 2.368 mln; Prior 2.353 mln

1500 Consumer Credit for Nov: Expected 15.00 bln; Prior 13.23 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$1.18) (Reporting by Samarendra Sahoo in Bengaluru; Editing by Kirti Pandey)

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