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CANADA STOCKS-Futures little changed as investors track Hurricane Irma

Published 2017-09-07, 07:58 a/m
© Reuters.  CANADA STOCKS-Futures little changed as investors track Hurricane Irma
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Sept 7 (Reuters) - Canada's main stock index futures were little changed on Thursday as investors tracked the path of Hurricane Irma and Brent oil prices held steady as U.S. refiners restarting after Tropical Storm Harvey increased their crude processing.

September futures on the S&P TSX index SXFc1 were down 0.01 percent at 7:45 a.m. ET.

Building permits data for July is due at 08:30 a.m. ET. Canada's Ivey PMI data for August is also scheduled to release at 10:00 a.m. ET. ECONCA

Canada's main stock index edged lower on Wednesday as a surprise Bank of Canada interest rate hike pressured rate-sensitive sectors, including telecoms and utilities, while the materials group also lost ground, offsetting gains for energy shares. Jones Industrial Average e-mini futures 1YMc1 were up 0.01 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.04 percent and Nasdaq 100 e-mini futures NQc1 were up 0.12 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

Canadian dollar-store operator Dollarama Inc DOL.TO reported a better-than-expected quarterly profit for the ninth straight quarter, as customers on average spent more at its stores. Morgan Canada Ltd KML.TO on Wednesday named six major contractors for its Trans Mountain pipeline expansion and said construction is on schedule, even as significant hurdles remain for the project. Bay Co HBC.TO activist shareholder Land and Buildings said on Wednesday it believed a highly qualified third-party buyer had "serious interest" in acquiring Galeria Kaufhof, the department store operator's European chain. RESEARCH HIGHLIGHTS RCH/CA

Alimentation Couche Tard Inc ATDb.TO : Desjardins cuts price target to C$72 from C$74

Restaurant Brands International Inc QSR.TO : Credit Suisse (SIX:CSGN) raises price target to $74 from $60

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

Gold futures GCc1 : $1339.4; +0.41 percent GOL/

US crude CLc1 : $49.04; -0.24 percent O/R

Brent crude LCOc1 : $54.46; +0.48 percent O/R

LME 3-month copper CMCU3 : $6880.5; -0.3 percent MET/L

U.S. ECONOMIC DATA DUE ON THURSDAY

0830 Initial jobless claims: Expected 241000; Prior 236000

0830 Jobless claims 4 week average: Prior 236750

0830 Continued jobless claims: Expected 1.950 mln; Prior 1.942 mln

0830 Labor costs revised for Q2: Expected 0.3 pct; Prior 0.6 pct

0830 Productivity revised for Q2: Expected 1.3 pct; Prior 0.9 pct

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$1.22)

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