Canada Stocks: TSX futures rise ahead of retail sales data release

Western Forest Products

18/12/2020 12:22

Dec 18 (Reuters) - Futures for Canada's main stock index
rose on Friday, ahead of the release of likely stronger domestic
retail sales data for October, while weakness in oil and bullion
prices capped further gains.
    December futures on the S&P/TSX index  SXFc1  were up 0.1%
at 7:00 a.m. ET.
    The nation's retail sales are expected to rise 0.2% in
October, according to a Reuters poll. 
    Canada's retail sales data for October is due at 08:30 a.m.
ET. 
    The Toronto Stock Exchange's S&P/TSX composite index
 .GSPTSE  ended 0.46%  higher at 17,648.36 on Thursday. 
    Dow Jones Industrial Average e-mini futures  1YMc1  were up
0.08% at 7:00 a.m. ET, while S&P 500 e-mini futures  ESc1  were
up 0.11% and Nasdaq 100 e-mini futures  NQc1  were up 0.04%.

    TOP STORIES  TOP/CAN 
    Canada's BlackBerry Ltd  BB.TO ,  BB.N  missed Wall Street
estimates for third-quarter revenue on Thursday, hit by poor
demand for its cybersecurity products and QNX car software.
 urn:newsml:reuters.com:*:nL4N2IX4C9
    Cargill Inc will begin to temporarily close its Guelph,
Ontario beef processing plant on Thursday because of an outbreak
of COVID-19 infections among workers, the company and a public
health organization said.  urn:newsml:reuters.com:*:nL1N2IX2Z8

    ANALYST RESEARCH HIGHLIGHTS  RCH/CA 
    Acadian Timber Corp  ADN.TO : CIBC cuts to "neutral" from
"outperform"
    Stella-Jones Inc  SJ.TO : CIBC raises target price to C$54
from C$52
    Western Forest Products Inc  WEF.TO : CIBC raises to
"outperform" from "neutral"

    COMMODITIES AT 7:00 a.m. ET 
    Gold futures  GCc2 : $1883.6; -0.23%  GOL/ 
    US crude  CLc1 : $48.3; -0.12%  O/R 
    Brent crude  LCOc1 : $51.36; -0.27%  O/R 
    
    U.S. ECONOMIC DATA DUE ON FRIDAY
    0830 Current account for Q3: Expected -189.0 bln; Prior
-170.5 bln
    1000 Leading index change mm for Nov: Expected 0.5%; Prior
0.7%

    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$1.28)

 (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;))