(Adds GDP number)
Oct 31 (Reuters) - Futures for Canada's main stock index rose on Wednesday after data showed economic growth for the seventh month in a row in August.
The 0.1 percent growth in gross domestic product (GDP) contrasted with analysts' expectations of no change from July. prices recovered after two days of losses, as market braced for the imposition of U.S. sanctions on Iran next week and stock markets clawed back some of their recent losses. futures on the S&P/TSX index SXFc1 were up 0.98 percent at 8:45 a.m. ET.
Meanwhile, Canadian producer prices edged up 0.1 percent in September from August on higher prices for chemicals, energy and petroleum products, Statistics Canada said on Wednesday. Toronto Stock Exchange's S&P/TSX .GSPTSE surged by 172.75 points, or 1.17 percent, at 14,894.50 on Tuesday. Jones Industrial Average e-mini futures 1YMc1 were up 0.9 percent at 8:50 a.m. ET, while S&P 500 e-mini futures ESc1 were up 1.01 percent and Nasdaq 100 e-mini futures NQc1 were up 1.56 percent. .N
TOP STORIES TOP/CAN
Air Canada AC.TO , the country's biggest airline, reported a lower-than-expected quarterly profit on Wednesday, hurt by higher fuel costs. oil producer Cenovus Energy CVE.TO reported a loss for the third quarter, hurt by a fall in Canadian crude prices amid rising oil supplies. Point Capital Management, which focuses on in-depth research on vulnerabilities of companies, sees room for Dollarama Inc 's DOL.TO stock price to tumble roughly 40 percent after the Canadian retailer raised prices and fewer customers are shopping at its stores.
ANALYST RESEARCH HIGHLIGHTS RCH/CA
Altagas Ltd ALA.TO : Desjardins raises rating to buy from hold
CGI GIBa.TO : Desjardins raises rating to buy from hold
Marathon Gold Corp MOZ.TO : National Bank of Canada raises target price to C$2 from C$1.60
COMMODITIES AT 8:50 a.m. ET COM/WRAP
Gold futures GCcv1 : $1218.4; fell 0.56 percent GOL/
US crude CLc1 : $66.39; rose 0.32 percent O/R
Brent crude LCOc1 : $75.69; down 0.29 percent O/R
U.S. ECONOMIC DATA DUE ON WEDNESDAY
0945 Chicago PMI for Oct: Expected 60.0; Prior 60.4
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Canadian markets directory CANADA
($1 = C$1.31)