(Updates after U.S. data)
March 20 Stock futures pointed to a lower
opening for Canada's main stock index on Thursday after Federal
Reserve Chair Janet Yellen hinted at a potential
earlier-than-anticipated increase in interest rates.
June futures on the S&P TSX index <0#SXF:> were down 0.32
percent at 0830 ET.
The index slipped on Wednesday after the Fed stuck with its
plan to withdraw its monetary stimulus and dropped a guideline
for when interest rates may eventually rise.
Dow Jones industrial average futures were down 0.24
percent at 0830 ET, S&P 500 futures were down 0.26
percent and Nasdaq 100 futures were down 0.20 percent.
(Morning News Call newsletter link.reuters.com/nex49s;
The Day Ahead newsletter link.reuters.com/mex49s)
Alberta Premier Alison Redford said she would resign as
leader of the oil-rich province following an expenses scandal
that sank her party's popularity.
Loral Space & Communications Inc, which holds a
majority stake in satellite communications company Telesat
Holdings Inc, has selected private equity firm Apax Partners and
two Canadian pension funds to negotiate a sale of Telesat,
people familiar with the matter said.
Peru said it was working with Bear Creek Mining to
avoid being sued by the company under free trade protections
over its suspended silver project.
A record-shattering Canadian harvest, combined with one of
the most frigid winters in decades, has created a grain-handling
backlog that will not be cleared until next year, the head of
Canadian National Railway Co said.
COMMODITIES AT 0830 ET
Thomson Reuters-Jefferies CRB Index : 301.2581;
Gold futures : $1,333; -0.63 pct
US crude : $99.78; -0.59 pct
Brent crude : $105.58; -0.26 pct
LME 3-month copper : $6,413.25; -2.13 pct
ANALYST RESEARCH HIGHLIGHTS
Canyon Services Grp : Canaccord Genuity raises to
buy; Raymond James, CIBC up target
Emera Inc : Canaccord Genuity cuts to hold from buy
KP Tissue : RBC, CIBC cut target price
U.S. ECONOMIC DATA DUE ON THURSDAY
0830 Initial jobless claims w/e: Actual 320,000 prior
0830 Jobless claims 4-wk avg w/e: Actual 327,000 prior
0830 Continued jobless claims w/e: Actual 2.889 mln prior
1000 Existing home sales Feb: Expected 4.60 mln Prior 4.62
1000 Existing home sales pct chg Feb: Expected +0.4 pct
Prior -5.1 pct
1000 Leading index change mm Feb: Expected +0.2 pct Prior
1000 Philly Fed business index Mar: Expected +3.8 Prior -6.3
1000 Philly Fed 6-mth index Mar: Prior 40.20
1000 Philly Fed capex index Mar: Prior 19.90
1000 Philly Fed employment Mar: Prior 4.80
1000 Philly Fed prices paid Mar: Prior 14.20
1000 Philly Fed new orders Mar: Prior -5.20
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