Aug 28 Tensions about possible U.S. military
strikes against Syria, coupled with existing worries about the
U.S. Federal Reserve's stimulus program, pushed Canadian stock
index futures lower on Wednesday.
* U.N. chemical weapons investigators crossed Syria's front
line into rebel-held territory for a second visit to the scene
of a poison gas attack that has triggered Western plans for war.
* The Indian rupee slumped to a record low of more than 68
to the dollar on growing worries that foreign investors will
continue to sell out of a country facing stiff economic
challenges and volatile global markets.
* Mark Carney will use his first speech as Bank of England
governor to take on his doubters who question how long he can
keep interest rates at record low levels.
* Seadrill, the world's largest offshore rig operator,
expects profits to soar in the next few years as energy
companies move into increasingly difficult waters and raise
exploration spending to satisfy the world's hunger for oil.
* Mining equipment manufacturer Joy Global Inc reported a
lower profit for the third quarter and said orders fell 36
percent as a global oversupply of coal hits demand for its giant
shovels and draglines.
* Canada stock futures traded down 0.17 percent
* U.S. stock futures , , were mixed
around -0.06 percent to 0.09 percent
* European shares, were down
COMMODITY PRICE MOVES
* Thomson Reuters-Jefferies CRB Index : 296.4167;
rose 0.38 percent
* Gold futures : $1,423.7; rose 0.22 percent
* US crude : $110.48; rose 1.35 percent
* Brent crude : $115.8; rose 1.26 percent
* LME 3-month copper : $7,267.25; fell 0.65 percent
CANADIAN STOCKS TO WATCH
* Canadian Oil Sands : A coker at Syncrude's
northern Alberta oil sands project is back in operation after
the completion of maintenance work that started in June, the
company, the largest shareholder in Syncrude, said on Tuesday.
Following is a summary of research actions on Canadian
companies reported by Reuters.
* Bank of Montreal : Barclays raises target price to
C$65 from C$62 after the bank's earnings beat expectations
* Bank of Nova Scotia : National Bank Financial cuts
target price to C$64 from C$67, says the disappointing
performance in the international banking segment stands out as
the most striking aspect of the third-quarter's results
* Minera IRL Ltd : RBC cuts to sector perform from
outperform and cuts price target to C$0.45 from C$0.75, says
liquidity pressures remain while the company's Don Nicolas
project moves forward
ON THE CALENDAR
* No major Canadian economic data scheduled for the day
* Major U.S. events and data includes pending home sales