Sept 27 (Reuters) - Canada's main stock exchange futures inched higher on Wednesday ahead of the Bank of Canada's economic progress report and as the United States prepares to outline a new tax plan.
Bank of Canada Governor Stephen Poloz will also hold a press conference at 12:00 p.m. ET (1600 GMT), his first since two back-to-back rate hikes, and investors will be looking for clues as to how aggressively the central bank may tighten from here.
Across the border, President Donald Trump will call for slashing tax rates on businesses and the wealthy as part of the new plan, which, if passed, would be his first significant legislative win since taking office in January. futures on the S&P TSX index SXFc1 were up 0.07 percent at 7:15 a.m. ET.
Dow Jones Industrial Average e-mini futures 1YMc1 were up 0.06 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.14 percent and Nasdaq 100 e-mini futures NQc1 were up 0.2 percent. .N
Canada's main stock index retreated broadly on Tuesday from its highest close in four months in the previous session, as cooling commodity prices weighed on mining and oil stocks. 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
Britain is bitterly disappointed by a U.S. decision to slap duties on a Boeing (NYSE:BA) competitor's jets, Prime Minister Theresa May said, promising to fight for thousands of jobs in Northern Ireland that the ruling puts at risk. Energy Corp FEC.TO is seeking to declare force majeure due to protests by Amazonian tribes in Peru that have halted its operations in the country's biggest oil block, Peru's energy regulator Perupetro said Tuesday. United States on Tuesday unveiled draft text on labor standards during the negotiations on modernizing the North American Free Trade Agreement as top officials from Canada, the United States and Mexico joined talks in Ottawa. RESEARCH HIGHLIGHTS RCH/CA
Freshii Inc FRII.TO : RBC cuts target price to C$8 from C$12
Gran Tierra Energy Inc GTE.TO : Eight Capital cuts target price to C$5.25 from C$6.50
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCcv1 : $1,292.3; -0.72 pct GOL/
US crude CLc1 : $51.95; +0.13 percent O/R
Brent crude LCOc1 : $58.19; -0.43 percent O/R
LME 3-month copper CMCU3 : $6488; +1.17 percent MET/L
U.S. ECONOMIC DATA DUE ON WEDNESDAY
0830 Build permits r number mm for Aug: Prior 1.3 mln
0830 Build permits r change mm for Aug: Prior 5.7 pct
0830 Durable goods for Aug: Expected 1.0 pct; Prior -6.8 pct
0830 Durables ex-transport for Aug: Expected 0.2 pct; Prior 0.6 pct
0830 Durables ex-defense mm for Aug: Prior -7.8 pct
0830 Nondefe cap ex-air for Aug: Expected 0.3 pct; Prior 1.0 pct
1000 Pending Homes Index for Aug: Prior 109.1
1000 Pending sales change mm Aug: Expected -0.5 pct; Prior -0.8 pct
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($1 = C$1.24)