March 17 Stock futures pointed to a higher opening for Canada's main stock index
after Sunday's referendum in Crimea, in which voters overwhelmingly voted to join Russia, passed
without violence. June futures on the S&P TSX index were up 0.32 percent at 0715 ET.
Monthly securities investment data is due at 0830 ET
Stocks edged lower on Friday as worries about the crisis in Ukraine and fears of a slowdown
in economic growth in China weighed on investor sentiment.
Dow Jones industrial average futures were up 0.65 percent, S&P 500 futures
were up 0.50 percent and Nasdaq 100 futures were up 0.60 percent at 0715 ET.
(Morning News Call newsletterThe Day Ahead newsletter)
The ratio of Canadian household debt to income in the fourth quarter of 2013 slipped from a
record high while net worth rose, bolstering the Bank of Canada's belief that the housing market
is in for a soft landing.
Prime Minister Stephen Harper said on Friday he would visit Ukraine on March 22 to meet with
the country's interim government and show support for Kiev during the Crimea crisis.
The U.S. Federal Deposit Insurance Corp sued 16 of the world's largest banks on Friday,
including Royal Bank of Canada, accusing them of cheating dozens of other now defunct
banks by manipulating the Libor interest rate.
COMMODITIES AT 0715 ET
Gold futures : $1,380.1; 0.08
US crude : $98.65; -0.24 pct
Brent crude : $107.63; -0.54 pct
LME 3-month copper : $6,514; 0.7 pct
ANALYST RESEARCH HIGHLIGHTS
Banks: Credit Suisse raises targets on Bank Of Nova Scotia, others
Nordion Inc : CIBC cuts to sector underperformer from sector performer
Parkland Fuel : CIBC cuts to sector performer from sector outperformer rating
U.S. ECONOMIC DATA DUE ON MONDAY
08:30 Empire State Index for Mar: Expected 6.50 Prior 4.48
09:00 Net Capital Inflows for Jan: Prior -45.9 bln
09:00 Foreign Buy,T-bonds for Jan: Prior 17.9 bln
09:15 Industrial output mm for Feb: Expected 0.2 Prior -0.3
09:15 Cap utilization for Feb: Expected 78.6 Prior 78.5
09:15 Manufacturing output for Feb: Expected 0.3 Prior -0.8
10:00 NAHB Index for Mar: Expected 49 Prior 46
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