Canada’s main stock index futures fell on Thursday, as investors braced for data to gauge the impact of the coronavirus pandemic on the country’s job market, ahead of a long holiday weekend.
Canadian employment data for March is due at 8:30 a.m. ET. The report is expected to show a fall in jobs and an increase in the unemployment rate in March.
June futures on the S&P/TSX index were down 0.21% at 7:00 a.m. ET.
The Toronto Stock Exchange’s S&P/TSX ended 2.29% higher at 13,925.71 on Wednesday.
Dow Jones Industrial Average e-mini futures were up 0.31% at 7:00 a.m. ET, while S&P 500 e-mini futures were up 0.01% and Nasdaq 100 e-mini futures were down 0.03%.
ANALYST RESEARCH HIGHLIGHTS
Canadian Pacific Railway Ltd: RBC cuts target price to C$352 from C$361
Cogeco Communications: National Bank of Canada cuts target price to C$109 from C$115
Teck Resources Ltd: Scotiabank cuts target price to C$21 from C$26
COMMODITIES AT 7:00 a.m. ET
Gold futures: $1,694.3; +1.21%
US crude: $27.18; +8.33%
Brent crude: $34.53; +5.15%
U.S. ECONOMIC DATA DUE ON THURSDAY
0830 Initial jobless claims: Expected 5,250,000; Prior 6,648,000
0830 Jobless claims 4-week average: Prior 2,612,000
0830 Continued jobless claims: Expected 8.000 mln; Prior 3.029 mln
0830 PPI final demand yy for Mar: Expected 0.5%; Prior 1.3%
0830 PPI final demand mm for Mar: Expected -0.4%; Prior -0.6%
0830 PPI exfood/energy yy for Mar: Expected 1.2%; Prior 1.4%
0830 PPI exfood/energy mm for Mar: Expected 0.0%; Prior -0.3%
1000 U Mich Sentiment Preliminary for Apr: Expected 75.0; Prior 89.1
1000 Wholesale inventory, R mm for Feb: Expected -0.5%; Prior -0.5%
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report
Canadian dollar and bonds report
Reuters global stocks poll for Canada
Canadian markets directory
Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Amy Caren Daniel
Our Standards: The Thomson Reuters Trust Principles.