zombola
01-28-2015, 01:52 PM
(Reuters) - Stock futures pointed to a higher start for Canada's main stock index on Wednesday ahead of the U.S. Federal Reserve's statement, in which it is expected to signal it remains on track to begin raising interest rates later this year.
March futures on the S&P TSX index SXFc1 were up 0.20 percent at 7.15 a.m. ET.
No major economic data is due on Wednesday. ECONCA
Canada's main stock index extended gains to a fifth straight session on Tuesday as weakness in the U.S. dollar helped drive up prices of commodities such as oil and gold, boosting shares of natural resource producers.
Dow Jones Industrial Average e-mini futures 1YMc1 were down 0.11 percent at 7.15 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.16 percent and Nasdaq 100 e-mini futures NQc1 were up 0.96 percent. [.N]
Cenovus Energy Inc CVE.TO, Canada's No. 2 independent oil producer, cut its capital spending budget for 2015 in response to the slump in crude oil prices. [ID:nL4N0V74GB]
Canada's Bombardier Inc BBDb.TO expects to receive safety certification from China for its high-speed trains as early as next month, providing a springboard for more orders, the firm's top executive in the country said.
Canadian National Railway Co CNR.TO reported better-than-expected fourth-quarter earnings on Tuesday and boosted its dividend, but lagged its main Canadian rival when it came to a key efficiency measure.
Royal Bank of Canada, the country's biggest lender, said on Tuesday that it would cut its prime lending rate by 15 basis points, becoming the first of Canada's big banks to trim borrowing costs nearly a week after the central bank stunned markets with a rate cut. [ID:nL1N0V62JK]
COMMODITIES AT 7.15 a.m. ET [COM/WRAP]
Gold futures GCc1: $12,91.70; unchanged [GOL/]
US crude CLc1: $45.54; -1.49 pct [O/R]
Brent crude LCOc1: $49.40; -0.40 pct [O/R]
LME 3-month copper CMCU3: $5,464.50; +0.80 pct [MET/L]
ANALYST RESEARCH HIGHLIGHTS [RCH/CA]
Canadian National Railway Co CNR.TO: UBS, Barclays, CIBC raise price targets
Metro Inc MRU.TO: National Bank Financial, Barclays and others raise price targets
Genworth MI Canada Inc MIC.TO: CIBC cuts price target to C$36 from C$40
U.S. ECONOMIC DATA DUE ON WEDNESDAY
1400 Fed funds target rate: Prior 0.25 pct
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report [.TO]
Canadian dollar and bonds report [CAD/] [CA/]
Reuters global stocks poll for Canada EQUITYPOLL1 <EPOLL/CA>
Canadian markets directory CANADA
($1= C$1.24)
(Reporting by Abhinav Kaul in Bengaluru; Editing by Kirti Pandey)
March futures on the S&P TSX index SXFc1 were up 0.20 percent at 7.15 a.m. ET.
No major economic data is due on Wednesday. ECONCA
Canada's main stock index extended gains to a fifth straight session on Tuesday as weakness in the U.S. dollar helped drive up prices of commodities such as oil and gold, boosting shares of natural resource producers.
Dow Jones Industrial Average e-mini futures 1YMc1 were down 0.11 percent at 7.15 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.16 percent and Nasdaq 100 e-mini futures NQc1 were up 0.96 percent. [.N]
Cenovus Energy Inc CVE.TO, Canada's No. 2 independent oil producer, cut its capital spending budget for 2015 in response to the slump in crude oil prices. [ID:nL4N0V74GB]
Canada's Bombardier Inc BBDb.TO expects to receive safety certification from China for its high-speed trains as early as next month, providing a springboard for more orders, the firm's top executive in the country said.
Canadian National Railway Co CNR.TO reported better-than-expected fourth-quarter earnings on Tuesday and boosted its dividend, but lagged its main Canadian rival when it came to a key efficiency measure.
Royal Bank of Canada, the country's biggest lender, said on Tuesday that it would cut its prime lending rate by 15 basis points, becoming the first of Canada's big banks to trim borrowing costs nearly a week after the central bank stunned markets with a rate cut. [ID:nL1N0V62JK]
COMMODITIES AT 7.15 a.m. ET [COM/WRAP]
Gold futures GCc1: $12,91.70; unchanged [GOL/]
US crude CLc1: $45.54; -1.49 pct [O/R]
Brent crude LCOc1: $49.40; -0.40 pct [O/R]
LME 3-month copper CMCU3: $5,464.50; +0.80 pct [MET/L]
ANALYST RESEARCH HIGHLIGHTS [RCH/CA]
Canadian National Railway Co CNR.TO: UBS, Barclays, CIBC raise price targets
Metro Inc MRU.TO: National Bank Financial, Barclays and others raise price targets
Genworth MI Canada Inc MIC.TO: CIBC cuts price target to C$36 from C$40
U.S. ECONOMIC DATA DUE ON WEDNESDAY
1400 Fed funds target rate: Prior 0.25 pct
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report [.TO]
Canadian dollar and bonds report [CAD/] [CA/]
Reuters global stocks poll for Canada EQUITYPOLL1 <EPOLL/CA>
Canadian markets directory CANADA
($1= C$1.24)
(Reporting by Abhinav Kaul in Bengaluru; Editing by Kirti Pandey)