Canada Stocks: TSX futures slip after Trump threatens to increase tariffs

TeraGo

13/11/2019 12:30

Nov 13 (Reuters) - Futures for Canada's main stock index
fell on Wednesday after U.S. President Donald Trump threatened
to "substantially" increase tariffs if China failed to sign a
trade deal. 
    Trump said on Tuesday that U.S. and Chinese negotiators were
"close" to a "phase one" trade deal, but largely repeated
well-worn rhetoric about China's "cheating" on trade.
 urn:newsml:reuters.com:*:nL2N27S0OL
    December futures on the S&P/TSX index  SXFc1  were down 0.2%
at 7:00 a.m. ET.
    The Toronto Stock Exchange's S&P/TSX composite index rose
0.16% to 16,909.38 on Tuesday.
    Dow Jones Industrial Average e-mini futures  1YMc1  were
down 0.4% at 7:00 a.m. ET, S&P 500 e-mini futures  ESc1   0.38%
and Nasdaq 100 e-mini futures  NQc1  0.46%.  .N 
    
     
    TOP STORIES  TOP/CAN 
    Canadian retailer Loblaw Cos Ltd  L.TO  reported
better-than-expected quarterly profit on Wednesday, as consumers
shopped more at its pharmacies and food stores.  urn:newsml:reuters.com:*:nL4N27T2Z8
    Canada Goose Holdings Inc  GOOS.TO  reported quarterly
earnings above Wall Street estimates on Wednesday, lifted by
higher orders from department stores for its parkas and jackets.
 urn:newsml:reuters.com:*:nL4N27T319
    Caisse de dépôt et placement du Québec (CDPQ), one of
Canada's biggest state pension investors, plans to potentially
double its allocation to infrastructure to as much as 15% over
the next four years.  urn:newsml:reuters.com:*:nL8N27R1AQ
    First Cobalt Corp  FCC.V  is in advanced talks with Canada's
Ontario province to finance the $37.5 million required to
restart its idled cobalt refinery, President and Chief Executive
Officer Trent Mell said in an interview on Tuesday.  urn:newsml:reuters.com:*:nL2N27S1X3
    Cronos Group Inc  CRON.TO  and Tilray Inc  TLRY.O  both
reported selling prices that nearly halved, while expenses for
both the Canadian pot producers soared in the third quarter.
 urn:newsml:reuters.com:*:nL4N27S2QB
    
    ANALYST RESEARCH HIGHLIGHTS  RCH/CA 
    Cronos Group Inc  CRON.TO : Canaccord Genuity cuts target
price to C$12 from C$13
    Kinaxis Inc  KXS.TO : CIBC raises target price to C$110 from
C$108
    Terago Inc  TGO.TO : Canaccord Genuity cuts target price to
C$12 from C$12.50
    
    COMMODITIES AT 7:00 a.m. ET  COM/WRAP 
    Gold futures  GCc2 : $1465.3; +0.8%  GOL/ 
    US crude  CLc1 : $56.45; -0.62%  O/R 
    Brent crude  LCOc1 : $61.48; -0.93%  O/R 
    
          
    U.S. ECONOMIC DATA DUE ON WEDNESDAY
    0830 Core CPI mm, SA for Oct: Expected 0.2%; Prior 0.1%
    0830 Core CPI yy, NSA for Oct: Expected 2.4%; Prior 2.4%
    0830 CPI Index, NSA for Oct: Expected 257.227; Prior 256.759
    0830 Core CPI Index, SA for Oct: Prior 264.60
    0830 CPI mm, SA for Oct: Expected 0.3%; Prior 0.0%
    0830 CPI yy, NSA for Oct: Expected 1.7%; Prior 1.7%
    0830 Real weekly earnings mm for Oct: Expected 0.1%; Prior
-0.1%
    0830 (approx.) CPI mm NSA for Oct: Prior 0.080%
    0830 (approx.) CPI Index SA for Oct: Prior 256.360
    0830 (approx.) Cleveland fed CPI for Oct: Prior 0.2%
    1100 TR IPSOS PCSI for Nov: Prior 62.12
    1400 Federal budget for Oct: Expected -$133.00 bln; Prior
$83.00 bln
    
    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 Swathi Nair in Bengaluru; Editing by Shinjini
Ganguli)
 ((s.nair@thomsonreuters.com))