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CANADA STOCKS-Futures lower on global growth fears

Published 2018-10-09, 07:32 a/m
CANADA STOCKS-Futures lower on global growth fears
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Oct 9 (Reuters) - Futures for Canada's main stock index dipped on Tuesday, tracking world markets, as investors fretted over a weakening outlook for global economic growth.

The International Monetary Fund cut its global economic growth forecasts for 2018 and 2019, saying the U.S.-China trade war was taking a toll and emerging markets were struggling with tighter liquidity and capital outflows. futures on the S&P/TSX index SXFc1 were down 0.59 percent at 6:55 a.m. ET.

Data on September housing starts is due at 8:15 a.m. ET.

The Toronto Stock Exchange's S&P/TSX .GSPTSE fell 60.50 points, or 0.38 percent, to 15,946.17 on Monday. Jones Industrial Average e-mini futures 1YMc1 were down 0.37 percent at 6:55 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.37 percent and Nasdaq 100 e-mini futures NQc1 were down 0.35 percent. .N

TOP STORIES TOP/CAN

Canada's second-largest pension fund CDPQ and Generation Investment Management LLP said they were buying a majority stake in UK-based fintech firm FNZ in a deal valuing FNZ at $2.09 billion. RESEARCH HIGHLIGHTS RCH/CA

Canadian Pacific Railway Ltd CP.TO : Raymond James raises price target to C$340 from C$305

Suncor Energy Inc SU.TO : BMO raises target price to C$65 from C$60

Supremex Inc SXP.TO : IA Securities cuts target price to C$4.50 from C$5.25

COMMODITIES AT 6:55 a.m. ET COM/WRAP

Gold futures GCc2 : $1187.5; +0.14 percent GOL/

US crude CLc1 : $74.81; +0.7 percent O/R

Brent crude LCOc1 : $84.66; +0.89 percent O/R

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

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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)

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