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CANADA STOCKS-TSX futures gain on new North American trade deal

Dec 20 (Reuters) - Futures for Canada’s main stock index rose on Friday, following the approval of a new trade deal between the United States and its neighbors Canada and Mexico.

The U.S. House of Representatives approved the deal on Thursday that includes tougher labor and automotive content rules, but leaves $1.2 trillion in annual U.S.-Mexico-Canada trade flows largely unchanged.

March futures on the S&P/TSX index were up 0.22% at 7:00 a.m. ET (1200 GMT).

Data on Canada’s retail sales and new housing prices are due to be released at 8:30 a.m. ET.

The Toronto Stock Exchange’s TSX index ended 0.19% higher at 17,064.04 on Thursday.

Dow Jones Industrial Average e-mini futures were up 0.07% at 7:00 a.m. ET, while S&P 500 e-mini futures were up 0.01% and Nasdaq 100 e-mini futures were up 0.08%.

TOP STORIES

Australian miner South32 Ltd and base metal explorer Trilogy Metals Inc will become equal partners in a joint venture that will own and operate an Alaskan copper and base metal project, the two companies said.

Miner Centamin Plc should extend a deadline for Endeavour Mining Corp to make a firm takeover offer, a top shareholder with both companies said on Thursday, increasing pressure on the London-listed miner to engage in talks.

Enbridge Inc submitted on Thursday its application to the Canada Energy Regulator to contract out space on its Mainline oil pipeline, and said it had significant support from shippers, documents filed with the regulator showed.

ANALYST RESEARCH HIGHLIGHTS

Ero Copper Group: CIBC raises target price to C$21.50 from C$21

Gibson Energy Inc: CIBC cuts rating to neutral from outperformer; raises target price to C$29 from C$28

COMMODITIES AT 7:00 a.m. ET

Gold futures: $1,477.2; -0.2%

US crude: $60.93; -0.41%

Brent crude: $66.31; -0.35%

U.S. ECONOMIC DATA DUE ON FRIDAY

0830 Corporate profits revised for Q3: Prior 1.3%

0830 GDP final for Q3: Expected 2.1%; Prior 2.1%

0830 GDP sales final for Q3: Expected 2.1%; Prior 2.0%

0830 GDP consumption spending final for Q3: Prior 2.9%

0830 GDP deflator final for Q3: Expected 1.8%; Prior 1.7%

0830 Core PCE prices final for Q3: Expected 2.1%; Prior 2.1%

0830 PCE prices final for Q3: Prior 1.5%

1000 Personal income mm for Nov: Expected 0.3%; Prior 0.0

1000 Personal consumption real mm for Nov: Prior 0.1%

1000 Consumption, adjusted mm for Nov: Expected 0.4%; Prior 0.3%

1000 Core PCE price index mm for Nov: Expected 0.1%; Prior 0.1%

1000 Core PCE price index yy for Nov: Expected 1.6%; Prior 1.6%

1000 PCE price index mm for Nov: Prior 0.2%

1000 PCE price index yy for Nov: Prior 1.3%

1000 U Mich Sentiment Final for Dec: Expected 99.2; Prior 99.2

1000 U Mich Conditions Final for Dec: Expected 115.6; Prior 115.2

1000 U Mich Expectations Final for Dec: Expected 89.7; Prior 88.9

1000 (approx.) U Mich 1 year inflation final for Dec: Prior 2.4%

1000 (approx.) U Mich 5-year inflation final for Dec: Prior 2.3%

1100 KC Fed Manufacturing for Dec: Prior -5

1100 KC Fed Composite Index for Dec: Prior -3

1200 (approx.) Dallas fed PCE for Nov: Prior 1.6%

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$1.31) (Reporting by Hrithik Kiran Bagade in Bengaluru)

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