Sept 7 (Reuters) - Canadian stock futures were little changed on Wednesday ahead of the Bank of Canada’s interest rate decision.
September futures on the S&P TSX index were up 0.02 percent at 7:10 a.m. ET.
Bank of Canada is scheduled to announce its interest rate decision at 10:00 a.m. ET. Investors expect the central bank to leave the key rate unchanged at 0.50 percent.
Canada’s benchmark stock index edged higher on Tuesday as higher gold prices supported mining stocks, while news of an acquisition boosted shares of Enbridge Inc, the country’s largest pipeline company.
Dow Jones Industrial Average e-mini futures were down 0.05 percent at 7:10 a.m. ET. S&P 500 e-mini futures were down 0.09 percent and Nasdaq 100 e-mini futures were up 0.07 percent.
Activist investor William Ackman left the board of Canadian Pacific Railway Ltd on Tuesday, marking the end of a four-year tenure that helped overhaul the ailing railroad company and earn his hedge fund roughly $2.6 billion.
Canadian department store operator Hudson’s Bay Co reported a 60 percent jump in quarterly sales on Tuesday, helped by its expansion in Europe and the acquisition of online retailer Gilt.
ANALYST RESEARCH HIGHLIGHTS
Bonavista Energy Corp : Barclays raises target price to C$5 from C$4; “equal weight”
Cara Operations Ltd : National Bank Financial starts with “outperform”
Enbridge Inc : CIBC raises target price to C$71 from C$63.
COMMODITIES AT 7:10 a.m. ET
Gold futures : $1,347; -0.18 pct
US crude : $45.27; +0.98 pct
Brent crude : $47.79; +1.12 pct
LME 3-month copper : $4,669.50; +1.07 pct
U.S. ECONOMIC DATA DUE ON WEDNESDAY
0855 Redbook mm: Prior -0.3 pct
0855 Redbook yy: Prior 0.6 pct
1000 JOLTS job opening for July: Prior 5.624 mln
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 = C$1.28) (Reporting by Sai Sharanya Khosla in Bengaluru; Editing by Kirti Pandey)
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