March 19 Stock futures pointed to a slightly
higher opening for Canada's main stock index on Wednesday ahead
of the end of the U.S. Federal Reserve's two-day policy meeting,
at which the central bank is widely expected to reduce the size
of its monthly bond purchase program.
June futures on the S&P TSX index <0#SXF:> were up 0.09
percent at 0715 ET.
Wholesale trade data is due at 0830 ET
The S&P TSX index gained almost 1 percent on Tuesday as
investors focused on signs that the crisis in Ukraine will not
escalate and as central banker comments at home on slow growth
were interpreted to mean interest rates will remain low.
Dow Jones industrial average futures were up 0.12
percent at 0715 ET, while S&P 500 futures were up 0.06
percent and Nasdaq 100 futures were up 0.26 percent.
(Morning News Call newsletter link.reuters.com/nex49s;
The Day Ahead newsletter link.reuters.com/mex49s)
Jim Flaherty, the long-serving Conservative finance minister
who helped steer the economy through the global financial
crisis, resigned from the cabinet on Tuesday, leaving the
country on track to balance its books by 2015.
It is unlikely that bad weather has been entirely to blame
for recent economic weakness in Canada, Bank of Canada Governor
Stephen Poloz said on Tuesday as he warned about the risk of a
prolonged period of sluggish growth.
Blackstone Group LP is working on a higher takeover
bid for industrial conglomerate Gates Global Inc, owned by Onex
Corp and the Canada Pension Plan Investment Board,
after its previous offer of roughly $5.5 billion was turned
down, people familiar with the matter said.
COMMODITIES AT 0715 ET
Gold futures : $1,356; -0.07 pct
US crude : $99.63; -0.07 pct
Brent crude : $106.21; -0.54 pct
LME 3-month copper : $6,431; -0.8 pct
ANALYST RESEARCH HIGHLIGHTS
Alimentation Couche-Tard : CIBC, Canaccord Genuity,
NBF raise price targets
Blackpearl Resources : CIBC, Canaccord Genuity raise
Vermilion Energy : National Bank Financial, RBC
raises price target
U.S. ECONOMIC DATA DUE ON WEDNESDAY
07:00 Mortgage market index: Actual 369.0 prior 373.3
07:00 MBA purchase index: Actual 167.3 prior 168.8
07:00 Mortgage refinance index: Actual 1528.4 prior 1547.9
07:00 MBA 30-yr mortgage rate: Actual +4.50 pct prior +4.52
08:30 Current account for Q4: Expected -88.0 bln Prior -94.8
14:00 Fed funds target rate
14:00 QE total: Prior 65.00 bln
14:00 QE MBS: Prior 30.00 bln
14:00 QE Treasuries: Prior 35.00 bln
FOR CANADIAN MARKETS NEWS, CLICK ON CODES IN BRACKETS:
TSX market report
Canadian dollar and bonds report
Reuters global stocks poll for Canada
Canadian markets directory
($1= $1.11 Canadian)
(Reporting by Ayesha Sruti Ahmed in Bangalore; Editing by Ted