Canada Stocks: TSX futures rise ahead of GDP data as oil, bullion gain

Western Forest Products

23/12/2020 12:23

Dec 23 (Reuters) - Futures for Canada's main stock index
rose on Wednesday, ahead of the release of the country's
economic growth data, as higher oil and bullion prices lifted
sentiment.
    March futures on the S&P/TSX index  SXFc1  were up 0.21% at
7:00 a.m. ET.
    Data for Canada's GDP for October is due at 8:30 a.m. ET 
    The Toronto Stock Exchange's S&P/TSX composite index
 .GSPTSE  ended 0.31% higher at 17,555.47 on Tuesday. 
    Dow Jones Industrial Average e-mini futures  1YMc1  were up
0.23% at 7:00 a.m. ET, while S&P 500 e-mini futures  ESc1  were
up 0.24% and Nasdaq 100 e-mini futures  NQc1  were up 0.04%.
     
    TOP STORIES  TOP/CAN 
    Canada rejected Shandong Gold Mining's bid for indebted TMAC
Resources  TMR.TO , the companies said, amid concerns over a
Chinese state-owned entity operating in the country's sensitive
Arctic region.  urn:newsml:reuters.com:*:nL1N2J20MV
    Canadian miner Turquoise Hill Resources Ltd  TRQ.TO  said on
Tuesday it intended to pursue "gold streaming" and medium-term
debt offering transactions for its Oyu Tolgoi copper and gold
project in Mongolia.  urn:newsml:reuters.com:*:nL4N2J30U4

    ANALYST RESEARCH HIGHLIGHTS  RCH/CA 
    Genworth MI Canada Inc  MIC.TO : TD Securities cuts to
"tender" from "hold"
    TMAC Resources Inc  TMR.TO : TD Securities raises to "hold"
from "tender"
    Western Forest Products Inc  WEF.TO : RBC raises to
"outperform" from "sector perform"
    
    COMMODITIES AT 7:00 a.m. ET 
    Gold futures  GCc2 : $1866.6; -0.06%  GOL/ 
    US crude  CLc1 : $47.16; +0.3%  O/R 
    Brent crude  LCOc1 : $50.28; +0.4%  O/R 
    
    U.S. ECONOMIC DATA DUE ON WEDNESDAY
    0830 Personal income mm for Nov: Expected -0.3%; Prior -0.7%
    0830 Consumption, adjusted mm for Nov: Expected -0.2%; Prior
0.5%
    0830 Core PCE price index mm for Nov: Expected 0.1%; Prior
0.0%
    0830 PCE price index mm for Nov: Prior 0.0%
    0830 Durable goods for Nov: Expected 0.6%; Prior 1.3%
    0830 Durables ex-transport for Nov: Expected 0.5%; Prior
1.3%
    0830 Durables ex-defense mm for Nov: Prior 0.2%
    0830 Nondefense cap ex-air for Nov: Expected 0.6%; Prior
0.8%
    0830 Initial jobless claim : Expected 885,000; Prior 885,000
    0830 Jobless claim 4week average : Prior 812,500
    0830 Continue jobless claim : Expected 5.558 mln; Prior
5.508 mln
    0900 Monthly home price mm for Oct: Prior 1.7%
    1000 U Mich Sentiment Final for Dec: Expected 81.3; Prior
81.4
    1000 New home sales-units for Nov: Expected 0.995 mln; Prior
0.999 mln
    1200 Dallas fed PCE for Nov: Prior 0.6%

    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$1.29)

 (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;))