Canada Stocks: TSX futures rise on stimulus measures

Cardiol Therapeutics

24/03/2020 11:30

March 24 (Reuters) - Canada's main stock index futures rose
on Tuesday as investors were encouraged after the U.S. Federal
Reserve took aggressive measures to prop up the economy, a move
which also boosted the price of oil. 
    June futures on the S&P/TSX index  SXFc1  were up 5% at 7:00
a.m. ET.
    
    The Toronto Stock Exchange's S&P/TSX composite index
 .GSPTSE  closed down 5.3% at 11,228.49 on Monday.  urn:newsml:reuters.com:*:nL1N2BG11T
    Dow Jones Industrial Average e-mini futures  1YMc1  were up
4.8% at 7:00 a.m. ET, while S&P 500 e-mini futures  ESc1  rose
5.09% and Nasdaq 100 e-mini futures  NQc1  were up 5.02%.  .N 
    
     
    TOP STORIES  TOP/CAN 
    Bombardier  BBDb.TO  will suspend Canadian production of its
corporate jets to comply with restrictions imposed by provincial
governments aimed at curbing the spread of the coronavirus, a
source familiar with the matter said on Monday. urn:newsml:reuters.com:*:nL1N2BG2DP
    Most of Manulife Financial Corp's  MFC.TO  employees in
China have returned to work in its offices, as the spread of the
new coronavirus slows, the chief executive of the Toronto-listed
insurer said on Monday. urn:newsml:reuters.com:*:nL1N2BG2HD
    Suncor Energy Inc  SU.TO  on Monday cut its 2020 production
outlook and suspended share repurchases for the year following
the decline in crude oil prices and the economic impact of the
coronavirus outbreak.  urn:newsml:reuters.com:*:nL4N2BH1DQ
    
    ANALYST RESEARCH HIGHLIGHTS  RCH/CA 
    Cardiol Therapeutics  CRDL.TO : Altacorp Capital cuts target
price to C$8.15 from C$9
    Gildan Activewear  GIL.TO : National Bank of Canada cuts
target price to C$23 from C$42
    Rogers Sugar  RSI.TO : National Bank of Canada cuts target
price to C$3.75 from C$4.50
    
    COMMODITIES AT 7:00 a.m. ET 
    Gold futures  GCc2 : $1,671; +6.60%  GOL/ 
    US crude  CLc1 : $24.63; +5.39%  O/R 
    Brent crude  LCOc1 : $28.15; -4.14%  O/R 

    U.S. ECONOMIC DATA DUE ON TUESDAY
    0800 (approx.) Build permits number for Feb: Prior 1.464 mln
    0800 (approx.) Build permits R change mm for Feb: Prior
-5.5%
    0945 Markit Composite Flash PMI for Mar: Prior 49.6
    0945 Markit Manufacturing PMI Flash for Mar: Expected 42.8;
Prior 50.7
    0945 Markit Services PMI Flash for Mar: Expected 42.0; Prior
49.4
    1000 New home sales-units for Feb: Expected 0.750 mln; Prior
0.764 mln
    1000 New home sales change mm for Feb: Expected -2.0%; Prior
7.9%
    
    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$1.44)

 (Reporting by Priyanka Das in Bengaluru; Editing by Bernard
Orr)
 ((Priyanka.das@thomsonreuters.com))