April 27 (Reuters) - Canada’s main stock index futures were little changed on Thursday amid concerns about Canada’s trade relationship with the United States.
U.S. President Donald Trump said a renegotiated trade deal with neighboring Canada and Mexico was “very possible” but that if a “fair deal for all” could not be reached, the NAFTA treaty would be terminated.
June futures on the S&P TSX index were up 0.04 percent at 7:15 a.m. ET.
Canada’s main stock index pulled back on Wednesday from a two-month high the day before, pressured by a plunge in the shares of Home Capital Group Inc and investor worries about Canada’s trade relationship with the United States.
No major economic releases are scheduled for release in Canada.
Dow Jones Industrial Average e-mini futures were up 0.1 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.07 percent and Nasdaq 100 e-mini futures were up 0.14 percent.
Potash Corp of Saskatchewan, reported a higher-than-expected rise in quarterly profit as lower costs and increased potash sales volumes more than made up for weak phosphate prices.
Canada’s Crescent Point Energy Corp on Thursday reported a surprise quarterly profit as higher realized prices for oil offset a marginal fall in production.
Canadian gold miner Goldcorp Inc reported better-than-expected first-quarter earnings on Wednesday as a $250 million-a-year cost-cutting plan started to take effect.
ANALYST RESEARCH HIGHLIGHTS
BCE Inc: National Bank of Canada raises target price to C$61 from C$59
Home Capital Group Inc: RBC cuts target price to C$8 from C$15
Westshore Terminals Investment Corp: RBC cuts rating to “sector perform” from “outperform”
COMMODITIES AT 7:15 a.m. ET
Gold futures: $1263.4; +0.1 percent
US crude: $49.08; -1.09 percent
Brent crude: $51.23; -1.14 percent
LME 3-month copper: $5722; +0.12 percent
U.S. ECONOMIC DATA DUE ON THURSDAY
08:30 Durable goods for Mar: Expected 1.2 pct; Prior 1.8 pct
08:30 Durables ex-transport for Mar: Expected 0.4 pct; Prior 0.5 pct
08:30 Durables ex-defense mm for Mar: Prior 2.2 pct
08:30 Nondefense cap ex-air for Mar: Expected 0.5 pct; Prior -0.1 pct
08:30 Advance goods trade balance for Mar: Prior -63.90 bln
08:30 Advance Wholesale Inventory for Mar: Prior 0.4
08:30 Advance Retail Inventory Ex Auto for Mar: Prior 0.0
08:30 Initial jobless claims: Expected 245,000; Prior 244,000
08:30 Jobless claims 4-Week Average: Prior 243,000
08:30 Continued jobless claims: Expected 2.005 mln; Prior 1.979 mln
10:00 Pending Homes Index for Mar: Prior 112.3
10:00 Pending sales change mm for Mar: Expected -1.0 pct; Prior 5.5 pct
11:00 KC Fed Manufacturing for Apr: Prior 37
11:00 KC Fed Composite Index for Apr: Prior 20
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
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Reuters global stocks poll for Canada
Canadian markets directory ($1= C$1.36) (Reporting by Nikhil Kumar in Bengaluru; Editing by Maju Samuel)
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