Canadian stock futures were flat on Tuesday as investors awaited the January trade balance data.
March futures on the S&P TSX index SXFc1 were down 0.03 percent at 7:15 a.m. ET.
Investors will be watching the January trade data, due at 8:30 a.m. ET, to see if the economy posted its third monthly trade surplus in a row. ECONCA
The Toronto Stock Exchange's S&P/TSX composite index closed up 0.14 percent at 15,629.75 on Monday, its highest close in 11 days as financial and energy shares climbed, while mining stocks weighed as lower Chinese economic growth targets contributed to a softening in prices for metals. Jones Industrial Average e-mini futures 1YMc1 were down 0.12 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.17 percent and Nasdaq 100 e-mini futures NQc1 were down 0.15 percent. .N
(Morning News Call newsletter http://share.thomsonreuters.com/assets/newsletters/Morning_News_Call/MNC_US.pdf ; The Day Ahead newsletter http://share.thomsonreuters.com/assets/newsletters/The_Day_Ahead/TDA_NAM.pdf)
TOP STORIES TOP/CAN
Canada's Cameco Corp CCO.TO , the world's second-biggest uranium producer, is exploring the sale of its U.S. production facilities, its chief executive said on Monday, as a six-year industry slump drags on. Pharmaceuticals International Inc VRX.TO plans to line up a $3.06 billion incremental term loan and junk bond sale as part of a debt restructuring, sources said. Mining NEM.N on Monday became the latest of the world's biggest gold miners to invest in Canada's Yukon territory, the site of a famous gold rush 120 years ago, as miners hunt for rich, new deposits in safe regions. RESEARCH HIGHLIGHTS RCH/CA
Bank of Nova Scotia BNS.TO : CIBC raises rating to "outperformer" from "neutral"
Canadian Western Bank CWB.TO : CIBC raises target price to C$33 from C$32
Royal Bank of Canada RY.TO : CIBC raises target price to C$106 from C$101
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCc1 : $1223.8; -0.06 percent GOL/
US crude CLc1 : $53.36; +0.3 percent O/R
Brent crude LCOc1 : $56.15; +0.25 percent O/R
LME 3-month copper CMCU3 : $5820.5; -0.64 percent MET/L
U.S. ECONOMIC DATA DUE ON TUESDAY
08:30 International trade mm for Jan: Expected -$48.5 bln; Prior -$44.3 bln
08:30 Goods trade balance (R) for Jan: Prior -69.20 bln
15:00 Consumer credit for Jan: Expected 17.10 bln; Prior 14.16 bln
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$1.34)