Canada Stocks: TSX futures down amid concerns over trade tensions

KP Tissue

09/08/2019 12:36

Aug 9 (Reuters) - Futures for Canada's main stock index were
indicating a lower open on Friday, mirroring weaker global
markets on the back of ongoing trade tensions between the United
States and China.
    September futures on the S&P/TSX index  SXFc1  were down
0.33% at 7:00 a.m. ET.
    Canada's building permits data and employment data are due
at 8:30 a.m. ET. 
    The Toronto Stock Exchange's S&P/TSX  .GSPTSE  rose 139.31
points, or 0.86%, to 16,404.53 on Thursday.  urn:newsml:reuters.com:*:nL8N2548K2
    Dow Jones Industrial Average e-mini futures  1YMc1  were
down 0.53% at 7:00 a.m. ET, while S&P 500 e-mini futures  ESc1 
were down 0.63% and Nasdaq 100 e-mini futures  NQc1  were down
0.86%.  .N 
    
     
    TOP STORIES  TOP/CAN 
    The Canadian government announced final regulations to
reduce patented drug prices it said would save Canadians C$13.2
billion over a decade, overriding heavy opposition from
pharmaceutical companies.  urn:newsml:reuters.com:*:nL2N254105
    A coalition of 32 environmental and indigenous groups on
Thursday urged insurers to stop underwriting the Trans Mountain
pipeline to pressure Canada to cancel its plan to expand the
project, which carries crude from Alberta's oil sands to British
Columbia's Pacific coast.  urn:newsml:reuters.com:*:nL2N2541O4
        
    
    ANALYST RESEARCH HIGHLIGHTS  RCH/CA 
    AltaGas Canada  ACI.TO : National Bank of Canada raises
target price to C$25 from C$20
    Cronos Group Inc  CRON.TO : Canaccord Genuity raises rating
to hold from sell
    KP Tissue Inc  KPT.TO : RBC raises rating to outperform from
sector perform
    
    
    COMMODITIES AT 7:00 a.m. ET  COM/WRAP 
    Gold futures  GCc2 : $1,504.4; +0.31%  GOL/ 
    US crude  CLc1 : $53.34; +1.52%  O/R 
    Brent crude  LCOc1 : $58.27; +1.55%  O/R 
    
    
    U.S. ECONOMIC DATA DUE ON FRIDAY
    0830 PPI final demand yy for Jul: Expected 1.7%; Prior 1.7%
    0830 PPI final demand mm for Jul: Expected 0.2%; Prior 0.1
    0830 PPI ex food/energy yy for Jul: Expected 2.4; Prior 2.3%
    0830 PPI ex food/energy mm for Jul: Expected 0.2%; Prior
0.3%
    0830 PPI ex food/energy/transport yy for Jul: Prior 2.1%
    0830 PPI ex food/energy/transport mm for Jul: Prior 0.0%

    
    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 Hrithik Kiran Bagade in Bengaluru; Editing by
Maju Samuel)
 ((hrithik.bagade@thomsonreuters.com))