Dec 22 (Reuters) - Canadian stock futures were little changed on Thursday ahead of a raft of economic data, including an inflation report for November.
Inflation is expected to have slipped to 1.4 percent last month from 1.5 percent in the comparable period a year earlier. The data is due at 8:30 a.m. ET.
March futures on the S&P TSX index were down 0.01 percent at 7:15 a.m. ET.
Other data on tap includes a retail sales report, which is also due at 8:30 a.m. ET.
The main stock index ended slightly higher on Wednesday pushed by industrial stocks including SNC-Lavalin Group Inc , which jumped after winning an oil sands service contract.
Dow Jones Industrial Average e-mini futures were down 0.05 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were down 0.09 percent and Nasdaq 100 e-mini futures were down 0.09 percent.
Canadian Prime Minister Justin Trudeau said on Wednesday that U.S. President-elect Donald Trump was “very supportive” of TransCanada Corp’s proposed Keystone XL crude oil pipeline in their first conversation after the U.S. election.
ANALYST RESEARCH HIGHLIGHTS
Bank of Montreal : Desjardins raises target price to C$96 from C$94
Encana Corp : BMO raises target price to C$15 from C$14
SNC-Lavalin Group Inc : Canaccord Genuity raises target price to C$67 from C$53
COMMODITIES AT 7:15 a.m. ET
Gold futures : $1,130.9; -0.06 pct
US crude : $52.21; -0.51 pct
Brent crude : $54.17; -0.53 pct
LME 3-month copper : $5,455.00; -1.09 pct
U.S. ECONOMIC DATA DUE ON THURSDAY
0830 Corporate profits revise for Q3: Prior +7.6 pct
0830 Durable goods for Nov: Expected -4.7 pct; Prior +4.6 pct
0830 Durables ex-transport for Nov: Expected +0.2 pct; Prior +0.8 pct
0830 Durables ex-defense mm for Nov: Expected -0.1 pct; Prior +5.0 pct
0830 Nondefense capital goods ex-aircraft for Nov: Expected +0.3 pct; Prior +0.2 pct
0830 GDP final for Q3: Expected 3.3 pct; Prior +3.2 pct
0830 GDP sales final for Q3: Expected 2.8 pct; Prior +2.7 pct
0830 GDP consumer spending final for Q3: Prior +2.8 pct
0830 GDP deflator final for Q3: Expected +1.4 pct; Prior +1.4 pct
0830 Core PCE prices final for Q3: Expected +1.7 pct; Prior +1.7 pct
0830 PCE prices final for Q3: Expected +1.4 pct; Prior +1.4 pct
0830 Initial jobless claims: Expected 256,000; Prior 254,000
0830 Jobless claims 4-week average: Prior 257,750
0830 Continued jobless claims: Expected 2.015 mln; Prior 2.018 mln
0830 National Activity Index for Nov: Prior -0.08
0900 Monthly home price mm for Oct: Prior +0.6 pct
0900 Monthly home price yy for Oct: Prior +6.1 pct
0900 Monthly Home Price Index for Oct: Prior +239.2
1000 Personal consumption real mm for Nov: Prior +0.1 pct
1000 Personal income mm for Nov: Expected +0.3 pct; Prior +0.6 pct
1000 Consumption, adjusted mm for Nov: Expected +0.3 pct; Prior +0.3 pct
1000 Core PCE price index mm for Nov: Expected +0.1 pct; Prior +0.1 pct
1000 Core PCE price index yy for Nov: Prior +1.7 pct
1000 PCE price index mm for Nov: Prior +0.2 pct
1000 PCE price index yy for Nov: Prior +1.4 pct
1000 Leading index change mm for Nov: Expected +0.2 pct; Prior +0.1 pct
1100 KC Fed Manufacturing for Dec: Prior 9
1100 KC Fed Composite Index for Dec: Prior 1
1300 Dallas Fed PCE for Nov: Prior +2.2 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$1.35) (Reporting by Nivedita Balu in Bengaluru; Editing by Anil D’Silva)
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