(Updates after CPI and retail sales data)
March 21 Stock futures on Canada's main stock
index were little changed on Friday after data showed
higher-than-expected retail sales and a slower rate of annual
June futures on the S&P TSX index <0#SXF:> were up 0.17
percent at 0845 ET, slightly below their level before the data.
Retail trade in January rose by a higher-than-expected 1.3
percent from December, partially recovering from the extreme
weather-related decline the previous month.
Annual inflation eased to 1.1 percent in February from a
1-1/2-year high of 1.5 percent in January, but above the average
market forecast of a 0.9 percent.
Banks led stocks higher on Thursday as investors bet on
higher U.S. interest rates and a continuing recovery in the U.S.
economy. In her first press conference as chair of the Federal
Reserve, Janet Yellen on Wednesday indicated that the first
increase in rates could come in the first half of next year.
Dow Jones industrial average futures were up 0.31
percent At 0830 ET, S&P 500 futures were up 0.23 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)
Private equity investment firm Onex Corp said it
would sell The Warranty Group, a provider of extended warranty
contracts, to an affiliate of TPG Capital Management LP for an
enterprise value of about $1.5 billion.
Silver Wheaton Corp reported a 47 percent fall in
quarterly profit due to a decline in metal prices, but forecast
slightly higher production for the current year.
Bombardier Inc provided an upbeat 2016 revenue
forecast on Thursday despite its struggles to get its costly new
Cseries jetliner into service.
Railway staff of Canadian National Railway Co
narrowly voted against a strike-busting labor deal tentatively
agreed upon by the company and union.
COMMODITIES AT 0830 ET
Thomson Reuters-Jefferies CRB Index : 300.5441;
Gold futures : $1,339.1; +0.65 pct
US crude : $99.27; +0.37 pct
Brent crude : $107.01; +0.53 pct
LME 3-month copper : $6,528.75; +1.54 pct
ANALYST RESEARCH HIGHLIGHTS
Medical Facilities : TD Securities raises to buy from
hold; raises target price to C$21
Parex Resources : Canaccord Genuity raises to buy
from hold; raises target price to C$10.50
Newalta Corp : CIBC cuts to sector performer from
U.S. ECONOMIC DATA DUE ON FRIDAY
1030 ECRI weekly index w/e: Prior 133.8
1030 ECRI weekly annualized for w/e: Prior +2.3 pct
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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