(Updates Canada and U.S. economic data)
March 13 (Reuters) - Stock futures for Canada’s main stock index declined further on Friday, following data that unemployment rate rose higher-than-expected in February.
March futures on the S&P TSX index dipped further into the red, down 0.23 percent at 8:40 a.m. ET from 0.15 percent at 7:15 a.m. ET.
Unemployment rate rose to 6.8 percent in February as more people went looking for work, Statistics Canada said on Friday.
Canada’s main stock index ended higher on Thursday, as a rise in copper prices supported shares of some mining companies, offsetting a decline in the energy sector.
Dow Jones Industrial Average e-mini futures were down 0.14 percent at 8:40 a.m. ET, S&P 500 e-mini futures were down 0.10 percent and Nasdaq 100 e-mini futures were down 0.02 percent.
Canadian Pacific Railway Ltd and Canadian National Railway Co have such huge market power that they cannot be allowed to dictate how Canada’s grain shipment backlog is cleared, Prime Minister Stephen Harper said on Thursday.
Canada’s federal budget will show a deficit of just over C$2 billion in the current fiscal year and will be balanced in the year starting April 1, Prime Minister Stephen Harper said on Thursday.
COMMODITIES AT 8:40 a.m. ET
Gold futures : $1,155; +0.25 pct
US crude : $46.11; -2 pct
Brent crude : $56.68; -0.7 pct
LME 3-month copper : $5,840.5; -0.06 pct
ANALYST RESEARCH HIGHLIGHTS
Colabor Group Inc : National Bank Financial cuts to “sector perform” from “outperform”
Tricon Capital : Canaccord Genuity raises target to C$11 from C$10; rating “buy”
Empire Co : CIBC cuts to “sector performer” from “sector outperformer”
U.S. ECONOMIC DATA DUE ON FRIDAY
0830 PPI Final Demand yy for Feb: Actual -0.6 pct; Prior +0.0 pct
0830 PPI Final Demand mm for Feb: Actual -0.5 pct; Prior -0.8 pct
0830 PPI Ex-Food/Energy yy for Feb: Actual +1.0 pct; Prior +1.6 pct
0830 PPI Ex-Food/Energy mm for Feb: Actual -0.5 pct; Prior -0.1 pct
1000 U Mich Sentiment preliminary for Mar: Expected +95.5; Prior +95.4
1000 U Mich Conditions preliminary for Mar: Expected +105.7; Prior +106.9
1000 U Mich Expectations preliminary for Mar: Expected +87.5; Prior +88.0
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$1.27 Reporting by Nandi Kaul in Bengaluru
Our Standards: The Thomson Reuters Trust Principles.