April 30 (Reuters) - Futures for Canada's main stock index were lower on Tuesday, as investors awaited Canada's February gross domestic product (GDP) data, which is due later in the day.
Statistics Canada is likely to report February gross domestic product was flat, after the economy grew 0.3 percent in January. futures on the S&P/TSX index SXFc1 were down 0.15 percent at 7:00 a.m. ET.
Canada's gross domestic product for February and producer prices for March are scheduled for release at 8:30 a.m. ET.
The Toronto Stock Exchange's S&P/TSX .GSPTSE fell 13.09 points, or 0.08 percent, to 16,600.37 on Monday. Jones Industrial Average e-mini futures 1YMc1 were up 0.07 percent at 7:00 a.m. ET, while S&P 500 e-mini futures ESc1 were flat and Nasdaq 100 e-mini futures NQc1 were down 0.08 percent. .N
TOP STORIES TOP/CAN
Oil and gas producer Encana Corp ECA.TO said it expects cost savings from its acquisition of Newfield Exploration to be 20 percent higher than its estimates, and reported a 6 percent rise in quarterly adjusted profit as it sold oil at higher prices. software maker Shopify Inc SHOP.TO reported a wider quarterly loss, as costs surged nearly 50 percent. National Railway Co CNR.TO on Monday became the latest railroad operator to blame higher operating expenses due to prolonged extreme cold weather for a lower-than-expected quarterly profit. RESEARCH HIGHLIGHTS RCH/CA
Canadian National Railway Co CNR.TO : CIBC raises price target to C$125 from C$119
First Quantum Minerals Ltd FM.TO : TD Securities cuts price target to C$21 from C$25
West Fraser Timber Co Ltd WFT.TO : CIBC cuts price target to C$68 from C$70
COMMODITIES AT 7:00 a.m. ET COM/WRAP
Gold futures GCc2 : $1,287.9; +0.5 percent GOL/
US crude CLc1 : $64.36; +1.35 percent O/R
Brent crude LCOc1 : $72.96; +1.28 percent O/R
U.S. ECONOMIC DATA DUE ON TUESDAY
0830 Employment wages QQ for Q1: Prior 0.6 pct
0830 Employment benefits QQ for Q1: Prior 0.7 pct
0830 Employment costs for Q1: Expected 0.7 pct; Prior 0.7 pct
0900 Caseshiller 20 mm SA for Feb: Expected 0.2 pct; Prior 0.1 pct
0900 Caseshiller 20 mm NSA for Feb: Expected 0 pct; Prior -0.2 pct
0900 Caseshiller 20 yy for Feb: Expected 3.2 pct; Prior 3.6 pct
0945 Chicago PMI for April: Expected 59; Prior 58.7
1000 Consumer Confidence for April: Expected 126; Prior 124.1
1000 Pending Homes Index for March: Prior 101.9
1000 Pending sales change mm for March: Expected 1.1 pct; Prior -1 pct
1030 Texas Service Sector Outlook for April: Prior -4.4
1030 Dallas Fed Services Revenues for April: Prior 12.8
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$1.34)