September 10, 2019 / 11:39 AM / 2 months ago

TSX futures lower as gold prices drop

(Reuters) - Futures for Canada’s main stock index edged lower on Tuesday, weighed down by a drop in gold prices.

FILE PHOTO: A logo for TMX Group, which operates the Toronto Stock Exchange, is seen after the company announced it was shutting down all markets for the rest of the day after experiencing issues with trading on all its exchange platforms in Toronto, Ontario, Canada April 27, 2018. REUTERS/Chris Helgren

September futures on the S&P/TSX index SXFc1 were down 0.24% at 7:00 a.m. ET.

Canada’s annualized housing starts data for August is due at 8:15 a.m. ET and building permits data for July is expected at 8:30 a.m. ET.

The Toronto Stock Exchange S&P/TSX composite index .GSPTSE fell 0.24% to 16,495.09 on Monday.

Dow Jones Industrial Average e-mini futures 1YMc1 were down 0.08% at 7:00 a.m. ET, while S&P 500 e-mini futures ESc1 dropped 0.05% and Nasdaq 100 e-mini futures NQc1 fell 0.05%. [.N]

TOP STORIES [TOP/CAN]

Shopify Inc (SHOP.TO) said on Monday it would buy warehouse technology provider 6 River Systems Inc for about $450 million, as it looks to accelerate growth of its fulfillment network.

Suncor Energy Inc (SU.TO), Canada’s second-largest oil sands producer, will invest C$1.4 billion to install two cogeneration units at its Oil Sands Base Plant, reducing greenhouse gas emissions by 25%, the company said on Monday.

Northland Power Inc (NPI.TO) said on Monday it would buy most of Colombian utility Empresa de Energia de Boyaca in a deal valued at C$1.05 billion, including debt.

ANALYST RESEARCH HIGHLIGHTS [RCH/CA]

Enghouse Systems Ltd (ENGH.TO): CIBC raises target price to C$43 from C$41.50

Torex Gold Resources Inc (TXG.TO): Scotiabank raises target price to C$23 from C$19

Toronto-Dominion Bank (TD.TO): Citigroup cuts target price to C$82 from C$90

COMMODITIES AT 7:00 a.m. ET [COM/WRAP]

Gold futures GCc2: $1495.6; -0.59% [GOL/]

US crude CLc1: $58.26; +0.71% [O/R]

Brent crude LCOc1: $62.99; +0.64% [O/R]

U.S. ECONOMIC DATA DUE ON TUESDAY

1000 JOLTS job openings for July: Expected 7.311 mln; Prior 7.348 mln

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report [.TO]

Canadian dollar and bonds report [CAD/] [CA/]

Reuters global stocks poll for Canada EQUITYPOLL1 <EPOLL/CA>

Canadian markets directory CANADA

Reporting by Pathikrit Bandyopadhyay in Bengaluru; Editing by Bernard Orr

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