Canada Stocks: TSX futures tread water, eye trade developments

Aion-Tech Solutions

06/11/2019 12:38

Nov 6 (Reuters) - Futures for Canada's main stock index were
steady on Wednesday, as investors awaited more clarity on
U.S.-China trade developments.
    The United States and China could sign a "phase one" trade
deal this month, but it is still unclear where U.S. President
Donald Trump and Chinese President Xi Jinping will meet to sign
the agreement.  urn:newsml:reuters.com:*:nL2N27L0VI
    Meanwhile, oil prices declined for the first time in three
sessions, pulled down by a larger-than-expected build in U.S.
crude stocks and weak economic data from the euro zone.
 urn:newsml:reuters.com:*:nL3N27M0XI 
    December futures on the S&P/TSX index  SXFc1  edged up 0.01%
at 7:00 a.m. ET.
    Canada's Ivey Purchasing Manager's Index is expected at
10:00 a.m. ET 
    The Toronto Stock Exchange's S&P/TSX composite index
 .GSPTSE  closed 0.07% higher at 16,681.92 on Tuesday.
 urn:newsml:reuters.com:*:nL8N27L88O
    Dow Jones Industrial Average e-mini futures  1YMc1  were up
0.07% at 7:00 a.m. ET, while S&P 500 e-mini futures  ESc1 
gained 0.05% and Nasdaq 100 e-mini futures  NQc1  rose 0.08%.
 .N 
    
     
    TOP STORIES  TOP/CAN 
    Barrick Gold's  ABX.TO   GOLD.N  quarterly adjusted profit
nearly tripled, as the world's second-largest gold producer
benefited from higher gold output and prices.  urn:newsml:reuters.com:*:nL3N27M35D
    Bombardier  BBDb.TO  said it had alleviated technical
problems that have held up deliveries of trains to Swiss Federal
Railways (SBB) as the Canadian plane-and-train-maker aims to
complete the long-delayed contract by mid-2021.  urn:newsml:reuters.com:*:nL8N27M29N
    Waste management company GFL Environmental said on Tuesday
it will cancel its initial public offering, with no immediate
plans to revisit the markets, after institutional investors
pressed the Canadian firm to price its shares below the marketed
range.  urn:newsml:reuters.com:*:nL3N27M0RR
    A U.S. regulator on Tuesday ordered that a segment of the
Keystone pipeline that spilled more than 9,000 barrels of crude
in rural North Dakota remain shut until operator TC Energy
 TRP.TO  submits a restart and return-to-service plan because of
the hazards posed.  urn:newsml:reuters.com:*:nL2N27L236
    ANALYST RESEARCH HIGHLIGHTS  RCH/CA 
    Air Canada  AC.TO : JPMorgan raises to "overweight" from
"neutral"
    Equitable Group Inc  EQB.TO : RBC raises price target to
C$137 from C$120
    Gibson Energy Inc  GEI.TO : Canaccord Genuity raises price
target to C$28 from C$26
    Goeasy Ltd  GSY.TO : Desjardins raises price target to C$72
from C$67
    COMMODITIES AT 7:00 a.m. ET  COM/WRAP 
    Gold futures  GCc2 : $1484.7; +0.07%  GOL/ 
    US crude  CLc1 : $57.12; -0.19%  O/R 
    Brent crude  LCOc1 : $62.65; -0.49%  O/R 
    
    U.S. ECONOMIC DATA DUE ON WEDNESDAY
    0830 Labor costs preliminary for Q3: Expected 2.2%; Prior
2.6%
    0830 Productivity preliminary for Q3: Expected 0.9%; Prior
2.3%
    
    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$1.32)

 (Reporting by Lisa Pauline Mattackal in Bengaluru; Editing by
Maju Samuel)
 ((Lisapauline.mattackal@thomsonreuters.com; +918067499014))