(Reuters) - Canada’s main stock index futures slipped on Wednesday, a session after stocks posted their best quarter since the global financial crisis, as coronavirus cases spiked in the United States.
September futures on the S&P/TSX index were down 0.21% at 7:00 a.m. ET. On Tuesday, the Toronto Stock Exchange’s S&P/TSX composite index .GSPTSE ended 0.82% higher at 15,515.22
Dow Jones Industrial Average e-mini futures were down 0.99% at 7:00 a.m. ET. S&P 500 e-mini futures fell 0.68% and Nasdaq 100 e-mini futures slipped 0.5%. [.N]
New U.S. COVID-19 cases rose by more than 47,000 on Tuesday according to a Reuters tally, the biggest one-day spike since the start of the pandemic, as the government’s top infectious disease expert warned that number could soon double.
New North American trade deal between the United States, Canada and Mexico taking effect on Wednesday was meant to create a kind of fortress North America, boosting the region’s competitiveness - but cracks are already starting to show in the foundation.
A stalking horse bid for Cirque du Soleil Entertainment Group was dismissed as inadequate by lenders during a Quebec court hearing into the company’s restructuring on Tuesday.
A UN agency agreed on Tuesday to change a landmark aviation emissions scheme, in a boost for airlines that said they could face billions of dollars in costs under the current deal when air travel recovers from the coronavirus pandemic.
Cineplex Inc: RBC cuts target price to C$11 from C$13Alimentation Couche-Tard Inc: Scotiabank raises price target to C$51 from C$44
COMMODITIES AT 7:00 a.m. ET
Gold futures: $1,795.1; -0.3% [GOL/]
US crude: $40.06; +2.01% [O/R]
Brent crude: $42.05; +1.91% [O/R]
07.30 Challenger layoffs for Jun: Prior 397,016
08.15 ADP national employment for Jun: Expected 3,000,000; Prior -2,760,000
09.45 Markit Manufacturing PMI Final for Jun: Prior 49.6
10.00 Construction spending mm for May: Expected 1.0%; Prior -2.9%
10.00 ISM Manufacturing PMI for Jun: Expected 49.5; Prior 43.1
10.00 ISM Manufacturing Prices Paid for Jun: Expected 43.0; Prior 40.8
10.00 ISM Manufacturing Employment Index for Jun: Expected 43.0; Prior 32.1
10.00 ISM Manufacturing New Orders Index for Jun: Prior 31.8
TSX market report [.TO]
Canadian dollar and bonds report [CAD/] [CA/]
Reuters global stocks poll for Canada <EPOLL/CA>
Canadian markets directory
Reporting by Shivani Kumaresan in Bengaluru; Editing by Amy Caren Daniel