March 15 (Reuters) - Stock futures pointed to a lower
opening for Canada's main stock index on Tuesday, mirroring
declines in global markets after the Bank of Japan painted a
bleaker picture of the Japanese economy and oil prices dropped
again.
The Bank of Japan said it would maintain its massive asset
buying programme at existing levels and suggested it may roll
out more stimulus as it struggles to reach an elusive inflation
target.
March futures on the S&P TSX index SXFc1 were down 0.82
percent at 7:15 a.m. ET.
Canada's main stock index fell on Monday as lower commodity
prices weighed on miners and energy companies and investors took
a cautious approach ahead of a U.S. Federal Reserve policy
decision.
Dow Jones Industrial Average e-mini futures 1YMc1 were
down 0.40 percent at 7:15 a.m. ET, while S&P 500 e-mini futures
Esc1 were down 0.51 percent and Nasdaq 100 e-mini futures
NQc1 were down O.38 percent.
TOP STORIES
Valeant Pharmaceuticals International Inc (NYSE:VRX) VRX.TO cut its
revenue forecast for the year by about 12 percent, or $1.5
billion, citing slower growth in its U.S. dermatology,
gastrointestinal and women's health businesses.
Amaya Inc AYA.TO , the owner of online gambling sites
PokerStars and Full Tilt, reported a better-than-expected
quarterly profit as it added more customers.
COMMODITIES
AT 7:15 a.m
Gold futures GCc2 : $1,234.40; -0.80 pct
US crude CLc1 : $36.27; -2.47 pct
Brent crude LCOc1 : $38.56; -2.45 pct
LME 3-month copper CMCU3 : $4,912.00; -0.69 pct
ANALYST RESEARCH HIGHLIGHTS
Boardwalk REIT BEI_u.TO : Canaccord Genuity raises target
price to C$54 from C$47.50
Canadian National Railway Co CNR.TO : NBF cuts ratings to
"sector perform" from "outperform"
Detour Gold Corp DGC.TO : CIBC raises target price to C$24
from C$22
U.S. ECONOMIC DATA DUE ON TUESDAY
0830 NY Fed Manufacturing index for Mar: Expected -10.00;
Prior -16.64
0830 Producer Prices final demand yy for Feb: Expected 0.1
pct; Prior -0.2 pct
0830 Producer Prices final demand mm for Feb: Expected -0.2
pct; Prior 0.1 pct
0830 Producer Prices ex Food/energy yy for Feb: Expected 1.1
pct; Prior 0.6 pct
0830 Producer Prices ex Food/energy mm for Feb: Expected 0.1
pct; Prior 0.4 pct
0830 Producer Prices ex Food/energy/transport yy for Feb:
Prior 0.8 pct
0830 Producer Prices ex Food/energy/transport mm for Feb:
Prior 0.2 pct
0830 Retail sales mm for Feb: Expected -0.1 pct; Prior 0.2
pct
0830 Retail sales ex-autos mm for Feb: Expected -0.2 pct;
Prior 0.1 pct
0830 Retail ex gas/autos for Feb: Prior 0.4 pct
0830 Retail control for Feb: Expected 0.2 pct; Prior 0.6 pct
0855 Redbook mm: Prior 2.9 pct
0855 Redbook yy: Prior 0.7 pct
1000 Business inventories mm for Jan: Expected 0.0 pct;
Prior 0.1 pct
1000 NAHB Housing Market Index for Mar: Expected 59; Prior
58
1600 Net L-T flows,exswaps for Jan: Prior -29.4 bln
1600 Foreign buying, T-bonds for Jan: Prior -35.9 bln
1600 Overall net capital flow for Jan: Prior -114.0 bln
1600 Net L-T flows, including swaps for Jan: Prior -43.4 bln
($1= C$1.34)