Canada Stocks: Toronto futures rise on firmer gold prices

Theratechnologies

13/10/2021 12:13

Oct 13 (Reuters) - Futures for Canada's main stock index
rose on Wednesday, tracking gains in gold prices, while
investors' focus has turned towards third-quarter earnings
starting this week.  
    December futures on the S&P/TSX index  SXFc1  were up 0.1%
at 7:00 a.m. ET.
    Gold prices were boosted by concerns of an economic hit from
soaring energy prices and a slight retreat in the dollar, as
investors braced for U.S. inflation data.  GOL/ 
    Companies including Aritzia Inc  ATZ.TO , Firan Technology
Group Corp  FTG.TO , Theratechnologies Inc  TH.TO  will report
quarterly results later in the day.
    The Toronto Stock Exchange's S&P/TSX composite index
 .GSPTSE  ended 0.1% higher at 20,437.12 on Tuesday.  .TO 
    Investors are cautious ahead of U.S. consumer price data
which is due later in the day. Persisting concerns around higher
inflation, which could derail the economic recovery, have
rattled investor sentiment since past few weeks.
    Dow e-minis  1YMcv1  were up 28 points, or 0.08% at 7:00
a.m. ET, while S&P 500 e-minis  EScv1  were up 6.25 points, or
0.14% and Nasdaq 100 e-minis  NQcv1  were up 61 points, or
0.42%.  .N 
     
    TOP STORIES  TOP/CAN 
    Canada's Barrick Gold Corp  ABX.TO  has discovered
geological extensions at its Kibali gold mining joint venture in
Democratic Republic of Congo that will prolong the life of the
mine to 2040, Chief Executive Mark Bristow said in an interview.
 urn:newsml:reuters.com:*:nL4N2R8341
    The United States will lift restrictions at its land borders
with Canada and Mexico for fully vaccinated foreign nationals in
early November.  urn:newsml:reuters.com:*:nL1N2R902M
   
    ANALYST RESEARCH HIGHLIGHTS  RCH/CA 
    MTY Food Group Inc  MTY.TO : CIBC raises target price to
C$84 from C$74
    Nuvei Corp  NVEIu.TO : National Bank of Canada resumes
coverage with "outperform" rating
    Standard Lithium Ltd  SLI.V : Canaccord Genuity raises to
"speculative buy" from "hold"
    
    COMMODITIES AT 7:00 a.m. ET 
    Gold futures  GCc2 : $1770.1; +0.65%  GOL/ 
    US crude  CLc1 : $80.19; -0.56%  O/R 
    Brent crude  LCOc1 : $82.92; -0.6%  O/R 
    
    U.S. ECONOMIC DATA DUE ON WEDNESDAY
    0830 Core CPI mm, SA for Sep : Expected 0.2%; Prior 0.1%
    0830 Core CPI yy, NSA for Sep : Expected 4%; Prior 4%
    0830 CPI Index, NSA for Sep : Expected 274.144; Prior
273.567
    0830 Core CPI Index, SA for Sep : Prior 279.34
    0830 CPI mm, SA for Sep : Expected 0.3%; Prior 0.3%
    0830 CPI yy, NSA for Sep : Expected 5.3%; Prior 5.3%
    0830 Real weekly earnings mm for Sep : Prior 0.3%
    0830 CPI mm NSA for Sep : Prior 0.21%
    0830 CPI Index  SA for Sep : Prior 273.01
    0830 CPI Wage Earner for Sep : Prior 268.387
    1100 Cleveland fed CPI for Sep : Prior 0.3%
    1100 Refinitiv IPSOS PCSI for Oct : Prior 59.44

    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$1.24)

 (Reporting by Amal S in Bengaluru;
Editing by Vinay Dwivedi)
 ((Amal.S@thomsonreuters.com; within U.S. +1 646 223 8780;
outside U.S. +91 80 6749 3677;))