April 1 Canada's main stock index looked set to
kick off the quarter on a positive note on Tuesday after U.S.
Fed Chair Janet Yellen's dovish comments eased concerns about a
rate hike coming earlier than expected.
June futures on the S&P TSX index <0#SXF:> were up 0.27
percent at 0715 ET.
Producer prices and raw materials prices data for February
are due at 0830 ET.
Shares ended higher on Monday after the U.S. Federal
Reserve's assurance of continued support for the economy lifted
sentiment and helped drive up shares of financial and energy
Dow Jones Industrial Average futures were up 0.23
percent, S&P 500 futures were up 0.20 percent and Nasdaq
100 futures were up 0.24 percent at 0715 ET.
(Morning News Call newsletter link.reuters.com/nex49s;
The Day Ahead newsletter link.reuters.com/mex49s)
Kinross Gold Corp released a feasibility study for
its Tasiast gold mine expansion on Monday with a
lower-than-previously-estimated capital cost, but said it does
not plan to make a final decision on the project until 2015 at
Workers at Toyota Motor Corp's Canadian plants are set to
vote next week on whether to become the first at wholly owned
Toyota facilities in North America to unionize, a push Canada's
biggest private-sector union is confident will succeed.
Encana Corp said on Monday it was selling its
properties in Wyoming's Jonah natural gas field to an arm of
private equity firm TPG Capital for $1.8 billion as part of a
plan to shed assets and concentrate its operations.
COMMODITIES AT 0715 ET
Gold futures : $1,284.40; +0.08 pct
US crude : $101.21; -0.36 pct
Brent crude : $107.48; -0.26 pct
LME 3-month copper : $6,640.00; -0.08 pct
ANALYST RESEARCH HIGHLIGHTS
Boralex Inc : National Bank Financial removes from
Western Lithium USA : Dundee Capital starts with buy
WSP Global Inc : CIBC raises target price to C$40
U.S. ECONOMIC DATA DUE ON TUESDAY
0745 ICSC Chain Stores ww for w/e: Prior -1.5 pct
0745 ICSC Chain Stores yy for w/e: Prior +1.7 pct
0855 Redbook mm for w/e: Prior -0.4 pct
0855 Redbook yy for w/e: Prior +3.1 pct
0945 Markit Manufacturing PMI Final Mar: Prior 55.5
1000 Construction Spending mm Feb: Expected +0.0 pct Prior
1000 IBD Economic Optimism Apr: Prior 45.1
1000 ISM Manufacturing PMI Mar: Expected 54.0 Prior 53.2
1000 ISM Manufacturing Prices Paid Mar: Expected 60.0 Prior
1000 ISM Manufacturing Employment Index Mar: Expected 52.8
1000 ISM Manufacturing New Orders Index Mar: Prior 54.5
1030 Texas Services Sector Outlook Mar: Prior 6.8
1030 Dallas Fed Services Revenue Mar: Prior 9.8
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