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CANADA STOCKS-Futures gain ahead of GDP data

Published 2016-11-01, 07:41 a/m
CANADA STOCKS-Futures gain ahead of GDP data
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Nov 1 (Reuters) - Canadian stock futures rose on Tuesday ahead of the release of the gross domestic product data for August and Bank of Canada Governor Stephen Poloz's speech on inflation targets.

Poloz's comments will be parsed for clues on the future path of monetary policy after the central bank held rates steady in October.

December futures on the S&P TSX index SXFc1 were up 0.18 percent at 7:15 a.m. ET.

Gross domestic product data for August is due at 8:30 a.m. ET and RBC Manufacturing PMI data for October is due at 9:30 a.m. ET. ECONCA

Canada's benchmark stock index ended a touch higher on Monday as gold miners gained, but energy stocks fell and Valeant Pharmaceuticals International Inc (NYSE:VRX) VRX.TO slumped on a report its former executives are the focus of a U.S. criminal probe. Jones Industrial Average e-mini futures 1YMc1 were up 0.15 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.2 percent and Nasdaq 100 e-mini futures NQc1 were up 0.17 percent. .N

(Morning News Call newsletter http://link.reuters.com/nex49s ; The Day Ahead newsletter http://link.reuters.com/mex49s)

TOP STORIES TOP/CAN

Thomson Reuters Corp TRI.N TRI.TO on Tuesday reported slightly lower quarterly revenue excluding currency effects and said it would take a charge of $200 million to $250 million in the fourth quarter to simplify and streamline its business. Pharmaceuticals International Inc's VRX.TO former chief executive and chief financial officer are at the center of a U.S. criminal probe against the drugmaker over its ties to a specialty pharmacy that helped boost its sales, Bloomberg reported on Monday. Ltd BB.TO BBRY.O has signed a deal to work directly with Ford Motor (NYSE:F) Co F.N to expand the carmaker's use of its QNX secure operating system, the Canadian technology company said on Monday, as Ford develops increasingly automated vehicles. RESEARCH HIGHLIGHTS RCH/CA

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Acadian Timber Corp ADN.TO : CIBC raises target price to C$17 from C$16

First Quantum Minerals FM.TO : Berenberg raises target price to C$8.25 from C$8

Vermilion Energy VET.TO : National Bank Financial starts with rating "outperform" and C$66 target price

COMMODITIES AT 7:15 a.m. ET COM/WRAP

Gold futures GCc2 : $1,286.8; +1.08 pct GOL/

US crude CLc1 : $46.77; -0.21 pct O/R

Brent crude LCOc1 : $48.81; +0.41 pct O/R

LME 3-month copper CMCU3 : $4,865.50; +0.26 pct MET/L

U.S. ECONOMIC DATA DUE ON TUESDAY

0855 Redbook mm: Prior -0.1 pct

0855 Redbook yy: Prior +0.3 pct

0945 Markit Manufacturing PMI Final for Oct: Prior 53.2

1000 Construction spending mm for Sep: Expected +0.5 pct; Prior -0.7 pct

1000 ISM Manufacturing PMI for Oct: Expected 51.7; Prior 51.5

1000 ISM Manufacturing Prices Paid for Oct: Expected 54.0; Prior 53.0

1000 ISM Manufacturing Employment Index for Oct: Expected 50.0; Prior 49.7

1000 ISM Manufacturing New Orders Index for Oct: Prior 55.1

1030 Texas Services Sector Outlook for Oct: Prior 4.7

1030 Dallas Fed Services Revenues: Prior 13.0

1330 Domestic car sales for Oct: Expected 5.30 mln; Prior 5.30 mln

1330 Domestic truck sales for Oct: Expected 8.60 mln; Prior 8.85 mln

1330 Total vehicle sales for Oct: Expected 17.50 mln; Prior 17.76 mln

1330 All car sales for Oct: Prior 7.24 mln

1330 All truck sales for Oct: Prior 10.51 mln

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report .TO

Canadian dollar and bonds report CAD/ CA/

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Reuters global stocks poll for Canada EQUITYPOLL1 EPOLL/CA

Canadian markets directory CANADA ($1= C$1.34)

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