Canada Stocks: Futures down ahead of Bank of Canada rate decision

TVA

24/10/2018 12:33

Oct 24 (Reuters) - Futures for Canada's main stock index
fell on Wednesday, with investors focusing on interest rate
decision from the Bank of Canada.
    December futures on the S&P/TSX index  SXFc1  were down 0.2
percent at 6:55 a.m. ET.
    Bank of Canada will announce its interest rate decision at
10:00 a.m. ET. The central bank is expected to hike interest
rates by 25 basis points to 1.75 percent, according to a Reuters
survey of economists.
    The Toronto Stock Exchange's S&P/TSX  .GSPTSE  fell 127.53
points, or 0.83 percent, to 15,285.17 on Tuesday.  urn:newsml:reuters.com:*:nL8N1X37MK
    Dow Jones Industrial Average e-mini futures  1YMc1  were
down 0.4 percent at 6:55 a.m. ET, while S&P 500 e-mini futures
 ESc1  were down 0.5 percent and Nasdaq 100 e-mini futures
 NQc1  were down 0.6 percent.  .N 
    
     
    TOP STORIES  TOP/CAN 
    Restaurant Brands International Inc  QSR.TO  reported a
quarterly profit that missed analysts' estimates as its Burger
King unit struggled in a fiercely competitive U.S. market,
offsetting gains in its Tim Hortons cafes.  urn:newsml:reuters.com:*:nL3N1X43S3
    Canadian National Railway Co  CNR.TO  reported a
better-than-expected third-quarter profit on Tuesday as the
railroad shipped higher volumes of crude and grains.
 urn:newsml:reuters.com:*:nL3N1X37SW
    
    
    ANALYST RESEARCH HIGHLIGHTS  RCH/CA 
    IPL Plastics Inc  IPLP.TO : National Bank Of Canada cuts
target price to C$13.5 from C$16
    TVA Group Inc  TVAb.TO : CIBC cuts target price to C$3 from
C$4.25
    
    COMMODITIES AT 6:55 a.m. ET  COM/WRAP 
    Gold futures  GCc2 : $1230.8; -0.27 percent  GOL/ 
    US crude  CLc1 : $66.46; +0.05 percent  O/R 
    Brent crude  LCOc1 : $76.06; -0.5 percent  O/R 
    
     
    U.S. ECONOMIC DATA DUE ON WEDNESDAY
    0800 Build permits number for Sep: Prior 1.241 mln
    0800 Build permits R change mm for Sep: Prior -0.6 pct
    0900 Monthly home price mm for Aug: Prior 0.2 pct
    0900 Monthly home price yy for Aug: Prior 6.4 pct
    0900 Monthly Home Price Index for Aug: Prior 265
    0945 Markit Composite Flash PMI for Oct: Prior 53.9
    0945 Markit Manufacturing PMI Flash for Oct: Expected 55.5;
Prior 55.6
    0945 Markit Services PMI Flash for Oct: Expected 54; Prior
53.5
    1000 New home sales-units for Sep: Expected 0.625 mln; Prior
0.629 mln
    1000 New home sales change mm for Sep: Expected -1.4 pct;
Prior 3.5 pct
    
    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 Yoganand KN in Bengaluru; Editing by Sriraj
Kalluvila)
 ((Yoganand.kn@thomsonreuters.com))