Nov 12 (Reuters) - Stock futures pointed to a lower opening for Canada’s main stock index on Wednesday, with December futures on the S&P TSX index down 0.21 percent at 7:35 a.m. ET.
No major Canadian economic events are scheduled for release .
The Toronto Stock Exchange’s S&P/TSX composite index hit a one-month high on Tuesday as the gold-mining sector rebounded with the price of gold.
Dow Jones Industrial Average e-mini futures were down 0.34 percent at 7:35 a.m. ET, while S&P 500 e-mini futures were down 0.37 percent and Nasdaq 100 e-mini futures were down 0.29 percent.
Bank of Nova Scotia filed with U.S. regulators to offer, from time to time, common shares, preferred shares and debt worth up to $7 billion.
Encana Corp, Canada’s largest natural-gas producer, said quarterly operating profit jumped 87 percent due to higher production of oil and natural gas liquids.
Loblaw Companies Ltd, Canada’s largest grocer, reported a 36 percent jump in third-quarter revenue, helped by strong pharmacy sales at recently acquired Shoppers Drug Mart Corp.
COMMODITIES AT 7:35 a.m. ET
Gold futures : $1,162.40; -0.05 pct
US crude : $77.25; -0.89 pct
Brent crude : $81.10; -0.70 pct
LME 3-month copper : $6,703; +0.15 pct
ANALYST RESEARCH HIGHLIGHTS
Aecon Group : Raymond James cuts target price to C$18 from C$21; rating “outperform”
Pembina Pipeline Corp : NBF raises target to C$56 from C$55; rating “outperform”
Rona Inc : CIBC raises target to C$12 from C$11; rating sector “underperformer”
U.S. ECONOMIC DATA DUE ON WEDNESDAY
1000 Wholesale inventories mm for Sep: Expected 0.2 pct; Prior 0.7 pct
1000 Wholesale sales mm for Sep: Expected 0.1 pct; Prior -0.7 pct
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$1= C$1.13 Reporting by Nikhil Kumar; Editing by Ted Kerr
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