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CANADA STOCKS-Oil prices drag TSX futures lower

Published 2017-03-02, 07:34 a/m
CANADA STOCKS-Oil prices drag TSX futures lower
XAU/USD
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GC
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HG
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LCO
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ESM24
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CL
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1YMM24
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NQM24
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SXFc1
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GSPTSE
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CNQ
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NA
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TD
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GDI
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SHOP
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March 2 (Reuters) - Canada's main stock index was set for a lower start on Thursday, a day after scoring its biggest points gain in 10 months, as oil prices slipped following a surge in U.S. crude inventories.

March futures on the S&P TSX index SXFc1 were down 0.11 percent at 7:15 a.m. ET.

Canadian quarterly GDP data is due at 8:30 a.m. ET ECONCA

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE rallied on Wednesday as its financial services group cheered prospects for a March interest rate hike by the Federal Reserve. Jones Industrial Average e-mini futures 1YMc1 were down 0.04 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.08 percent and Nasdaq 100 e-mini futures NQc1 were down 0.01 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

Toronto-Dominion Bank TD.TO reported quarterly earnings ahead of market expectations, helped by a strong performance in both the United States and Canada. Natural Resources Ltd CNQ.TO CNQ.N reported a quarterly profit that blew past analysts' expectations, driven by higher realized prices from North America and low costs. RESEARCH HIGHLIGHTS RCH/CA

GDI Integrated Facility Services GDI.TO : CIBC raises target price to C$19 from C$17

National Bank of Canada NA.TO : Desjardins raises price target to C$59 from C$56; rating "hold"

Shopify Inc SHOP.TO : National Bank starts coverage with rating "outperform", C$80 target price

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

Gold futures GCc1 : $1245.4; -0.28 percent GOL/

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

US crude CLc1 : $53.37; -0.85 percent O/R

Brent crude LCOc1 : $55.88; -0.85 percent O/R

LME 3-month copper CMCU3 : $6000; -0.27 percent MET/L

U.S. ECONOMIC DATA DUE ON THURSDAY

08:30 Initial jobless claims: Expected 243,000; Prior 244,000

08:30 Jobless claims 4-week average: Prior 241,000

08:30 Continued jobless claims: Expected 2.065 mln; Prior 2.060 mln

09:45 ISM-New York Index for Feb: Prior 731.3

09:45 ISM New York Business Conditions for Feb: Prior 57.7

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)

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