Aug 30 (Reuters) - Stock futures pointed to a flat opening for Canada's main stock index on Tuesday, as investors turn cautious a day before second-quarter GDP data is due.
The data is expected at 8:30 a.m. ET on Wednesday, and is likely to show a contraction of 1.5 percent.
September futures on the S&P TSX index SXFc1 were up 0.02 percent at 7:15 a.m. ET.
Producer prices data for July is due at 8:30 a.m. ET ECONCA
Canada's main stock index rose on Monday, but by less than its U.S. peers, as investors bet on rate hikes sooner south of the border and lower oil prices weighed on the commodity-rich TSX. Jones Industrial Average e-mini futures 1YMc1 were up 0.01 percent at 7:15 a.m. ET. S&P 500 e-mini futures ESc1 were down 0.01 percent and Nasdaq 100 e-mini futures NQc1 were down 0.18 percent. .N
(Morning News Call newsletter http://link.reuters.com/nex49s ; The Day Ahead newsletter http://link.reuters.com/mex49s)
TOP STORIES TOP/CAN
Bank of Nova Scotia BNS.TO reported third-quarter earnings that were ahead of market expectations, driven by growth in its domestic and international banking businesses. industrial auctioneer Ritchie Bros Auctioneers Inc RBA.TO said on Monday it would buy IronPlanet, a privately held U.S. e-commerce site for used equipment, for about $758.5 million, as it looks to diversify its portfolio. Butte Energy Ltd TBE.TO debenture holders voted to reject a takeover bid by Hong Kong's privately held Reignwood Resources Holding Pte Ltd on Monday, throwing the cash-strapped Canadian oil and gas producer's financial future into uncertainty. RESEARCH HIGHLIGHTS RCH/CA
Dollarama Inc DOL.TO : Barclays (LON:BARC) raises target price to C$105 from C$98; rating "equal weight"
Twin Butte Energy Ltd TBE.TO : Canaccord Genuity cuts to "sell" from "hold"; cuts price target to C$0.00 from C$0.06
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCc1 : $1317.9; -0.36 percent GOL/
US crude CLc1 : $47.26; +0.6 percent O/R
Brent crude LCOc1 : $49.47; +0.43 percent O/R
LME 3-month copper CMCU3 : $4616; +0.02 percent MET/L
U.S. ECONOMIC DATA DUE ON TUESDAY
0855 Redbook mm: Prior -0.4 pct
0855 Redbook yy: Prior 0.2 pct
0900 CaseShiller 20 mm SA for June: Expected -0.1 pct; Prior -0.1 pct
0900 CaseShiller 20 mm NSA for June: Prior 0.9 pct
0900 CaseShiller 20 yy for June: Expected 5.2 pct; Prior 5.2 pct
1000 Consumer Confidence for August: Expected 97.0; Prior 97.3
1030 Texas Service Sector Outlook for August: Prior -1.3
1030 Dallas Fed Services Revenue for August: Prior 10.3
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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$1.30)