Credit: REUTERS/Mark BlinchApril 14 (Reuters) - Futures for Canada's main stock index edged lower on Thursday, pressured by lower bullion and crude prices, as investors awaited a batch of economic data due later in the day.
June futures on the S&P/TSX index SXFc1 were down 0.1% at 7:04 a.m. ET.
Gold XAU= fell, but the yellow metal was still on track for a weekly gain buoyed by safe-haven demand amid the Ukraine crisis and mounting price pressures. GOL/
Oil prices slipped over 1% in thin trade ahead of a public holiday, as traders weighed a larger-than-expected build in U.S. oil stocks against tightening global supply. O/R
Data on Canadian wholesale trade and factory sales for February is due at 08:30 a.m. ET.
The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE ended 0.6% higher at 21,838.02 on Wednesday. .TO
Dow e-minis 1YMcv1 were up 81 points, or 0.23%, at 7:04 a.m. ET. S&P 500 e-minis EScv1 were up 2.75 points, or 0.06%, and Nasdaq 100 e-minis NQcv1 were up 16.25 points, or 0.11%. .N
TOP STORIES TOP/CAN
TD Bank Group TD.TO will offer eligible employees a 3% increase to their base pay or a one-time cash reward effective July 1, Chief Executive Officer Bharat Masrani said in an internal memo on Wednesday.
Uniti Group UWL.AX has agreed to a nearly A$3.62 billion ($2.70 billion) takeover offer by a unit of Canada's Brookfield Asset Management Inc BAMa.TO and fund manager Morrison & Co.
ANALYST RESEARCH HIGHLIGHTS RCH/CA
Baytex Energy Corp BTE.TO: National Bank of Canada ups to outperform from sector perform
Questor Technology QST.V: Atb Capital Markets cuts to underperform from sector perform
Rubellite Energy Inc RBY.TO: Cormark Securities initiates with buy rating
COMMODITIES AT 7:00 a.m. ET
Gold futures GCc2: $1,970.8; -0.6% ; GOL/
US crude CLc1: $103.1; -1.1% O/R
Brent crude LCOc1: $107.37; -1.3% O/R
U.S. ECONOMIC DATA DUE ON THURSDAY
0830 Retail sales ex-autos mm for Mar : Expected 1.0%; Prior 0.2%
0830 Retail sales mm for Mar : Expected 0.6%; Prior 0.3%
0830 Continue jobless claim : Expected 1.500 mln; Prior 1.523 mln
0830 Initial jobless claim : Expected 171,000; Prior 166,000
0830 Import prices mm for Mar : Expected 2.3%; Prior 1.4%
1000 U Mich Sentiment Preliminary for Apr : Expected 59.0; Prior 59.4
1000 Business inventories mm for Feb : Expected 1.3%; Prior 1.1%
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$1.25)
(Reporting by Devik Jain in Bengaluru; Editing by Amy Caren Daniel)
((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2062; ;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
