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CANADA STOCKS-TSX futures fall ahead of Bank of Canada rate decision

Published 2017-09-06, 07:36 a/m
© Reuters.  CANADA STOCKS-TSX futures fall ahead of Bank of Canada rate decision
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Sept 6 (Reuters) - Canada's main stock index futures fell on Wednesday as investors awaited the interest rate decision from Bank of Canada and on concerns about Hurricane Irma, a powerful Atlantic storm, en route to a possible Florida landfall at the weekend.

September futures on the S&P TSX index SXFc1 were down 0.17 percent at 7:15 a.m. ET.

Bank of Canada's rate decision is expected at 10 a.m. ET. Trade balance data for July and labor productivity rate for the second-quarter are also scheduled for release at 8:30 a.m. ET.

Canada's main stock index fell on Tuesday as investors pulled back amid tensions over North Korea's nuclear program and Hurricane Irma. Jones Industrial Average e-mini futures 1YMc1 were up 0.04 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.02 percent and Nasdaq 100 e-mini futures NQc1 were up 0.16 percent. .N

TOP STORIES TOP/CAN

Canada, Mexico and the United States made progress in talks to update the NAFTA trade pact, top officials said on Tuesday, a relief after repeated criticism by U.S. President Donald Trump, although the round did not delve deeply into the toughest issues. store operator Hudson's Bay Co HBC.TO reported on Tuesday a steeper-than-forecast quarterly loss but retail sales slightly topped expectations as new store openings and a favorable foreign exchange impact offset fewer shoppers and more sales promotions. RESEARCH HIGHLIGHTS RCH/CA

IAMGOLD Corp IMG.TO : Canaccord Genuity raises target price to C$10 from C$9.75

Transcontinental Inc TCLa.TO : RBC raises price target to C$26 from C$25

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

Gold futures GCc1 : $1340.3; +0.08 percent GOL/

US crude CLc1 : $48.91; +0.51 percent O/R

Brent crude LCOc1 : $53.94; +1.05 percent O/R

LME 3-month copper CMCU3 : $6884; -0.23 percent MET/L

U.S. ECONOMIC DATA DUE ON WEDNESDAY

0830 International trade mm for Jul: Expected -$44.6 bln; Prior -$43.6 bln

0830 Goods trade balance (R) for Jul: Prior -65.10 bln

0945 Markit Composite Final PMI for Aug: Expected 56.0

0945 Markit Services PMI Final for Aug: Prior 56.9

1000 ISM N-Manufacturing PMI for Aug: Prior 53.9

1000 ISM N-Manufacturing Business Activity for Aug: Expected 56.0; Prior 55.9

1000 ISM N-Manufacturing Employment Index for Aug: Prior 53.6

1000 ISM N-Manufactuing New Orders Index for Jan: Prior 55.1

1000 ISM N-Manufacturing Price Paid Index for Jan: Prior 55.7

1000 Payrolls benchmark NSA: Prior -81,000

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$1.24)

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