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CANADA STOCKS-TSX futures drop amid rising Middle East tensions

Jan 6 (Reuters) - Canada’s main stock index futures fell on Monday as tensions escalated between the United States and Iran after the U.S. killed a top Iranian general on Friday.

March futures on the S&P/TSX index were down 0.23% at 7:00 a.m. ET.

Data on producer prices for November is due at 8:30 a.m. ET.

The Toronto Stock Exchange’s TSX closed down 0.20% to 17,066.12 on Friday.

Dow Jones Industrial Average e-mini futures were up 0.62% at 7:10 a.m. ET, while S&P 500 e-mini futures were down 0.56% and Nasdaq 100 e-mini futures were down 0.67%.

ANALYST RESEARCH HIGHLIGHTS

Hudson’s Bay Co: Scotiabank raises target price to C$11 from C$10.30

CAE INC: RBC resumes coverage with outperform rating and price target of C$39

Onex Corp: BMO raises target price to C$100 from C$95

Celestica INC: PI financial raises target prices to C$12.30 from C$8.80

COMMODITIES AT 7:10 a.m. ET

Gold futures: $1580.90; rose 1.84%

US crude: $63.84; rose 1.25%

Brent crude: $69.68; rose 1.57%

U.S. ECONOMIC DATA DUE ON MONDAY

0945 Markit Composite Final PMI for Dec: Prior 52.2

0945 Markit Services PMI Final for Dec: Prior 52.2

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 = 1.29)

Reporting by Pooja Kesavan in Bengaluru; Editing by Shinjini Ganguli

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