April 29 Stock futures pointed to a higher
opening for Canada's main index on Tuesday on optimism
surrounding corporate earnings and merger moves.
June futures on the S&P TSX index <0#SXF:> were up 0.06
percent at 0715 ET.
The index was little changed on Monday as weakness in shares
of Barrick Gold Corp and concerns about the volatile
situation in Ukraine were offset by gains in the financial and
While Newmont Mining Corp terminated merger talks
with Barrick Gold Corp on Monday, Pfizer Inc
pushed ahead with its $100 billion bid for Britain's
AstraZeneca Plc .
Dow Jones Industrial Average futures were up 0.28
percent, S&P 500 futures were up 0.31 percent and Nasdaq
100 futures were up 0.49 percent at 0715 ET.
(Morning News Call newsletter link.reuters.com/nex49s;
The Day Ahead newsletter link.reuters.com/mex49s)
The Canada Pension Plan Investment Board (CPPIB) plans to
vote against Barrick Gold Corp's new executive
compensation plan, the investment management group said in a
proxy voting notice on its website Monday.
Suncor Energy Inc, Canada's largest oil and gas
company, said on Monday its first-quarter profit rose 36 percent
on strong oil prices and a lower Canadian dollar.
Canada imposed sanctions on Monday on two small Russian
banks and nine individuals.
COMMODITIES AT 0715 ET
Gold futures : $1,289.10; -0.74 pct
US crude : $101.29; +0.45 pct
Brent crude : $108.62; +0.46 pct
LME 3-month copper : $6753.50; +0.12 pct
ANALYST RESEARCH HIGHLIGHTS
Aurico Gold Inc : CIBC raises rating to sector
outperform from sector performer
Gluskin Sheff + Associates : Canaccord Genuity cuts
rating to hold from buy
Terago Inc : NBF starts with outperform; target
price of C$6.50
U.S. ECONOMIC DATA DUE ON TUESDAY
0855 Redbook mm: Prior -0.5 pct
0855 Redbook yy: Prior +3.7 pct
0900 CaseShiller 20 mm SA for Feb: Expected +0.7 pct prior
0900 CaseShiller 20 mm NSA for Feb: Expected +0.0 pct prior
0900 CaseShiller 20 yy for Feb: Expected +13.0 pct prior
1000 Consumer Confidence for April: Expected +83.0 prior
1030 Texas Serv Sect Outlook for April: Prior +10.1
1030 Dallas Fed Services Reve for April: Prior +16.5
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report
Canadian dollar and bonds report
Reuters global stocks poll for Canada
Canadian markets directory
($1= $1.10 Canadian)
(Reporting by Mononshila Deka in Banagalore; Editing by