July 11, 2017 / 11:18 AM / 12 days ago

CANADA STOCKS-Futures little changed as investors avoid big bets

3 Min Read

July 11 (Reuters) - Canadian stock futures were little changed on Tuesday as investors seemed wary of making big bets ahead of Bank of Canada's interest rate decision on Wednesday.

Forecasters are divided on whether the central bank will raise rates, but data from the overnight index swaps market shows that money markets are almost fully priced for an increase, while an 80 percent chance of a second hike has been implied by December.

September futures on the S&P TSX index were up 0.02 percent at 7:15 a.m. ET.

Housing starts data is due at 8:15 a.m. ET.

Canada's main stock index rose on Monday, rebounding from a seven-month low at the end of last week, led by its materials and energy groups as commodity prices rose.

Dow Jones Industrial Average e-mini futures were down 0.05 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were down 0.08 percent and Nasdaq 100 e-mini futures were down 0.04 percent.

(Morning News Call newsletter here ; The Day Ahead newsletter here)

Analyst Research Highlights

Bellatrix Exploration Ltd: Canaccord Genuity cuts rating to "hold" from "speculative buy"

CES Energy Solutions Corp: Canaccord Genuity cuts price target to C$7.5 from C$10

Tamarack Valley Energy Ltd: Canaccord Genuity cuts rating to "hold" from "buy"


Gold futures: $1,209; -0.26 pct

US crude: $43.99; -0.92 pct

Brent crude: $46.45; -0.94 pct

LME 3-month copper: $5,822; -0.04 pct

u.s. Economic Data Due on Tuesday

1000 JOLTS job openings for May: Expected 5.950 mln; Prior 6.044 mln

1000 Wholesale Inventory (y), R mm for May: Expected 0.3 pct; Prior 0.3 pct

1000 Wholesale sales mm for May: Expected 0.2 pct; Prior -0.4 pct

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$1.29) (Reporting by Riniki Sanyal in Bengaluru; Editing by Shounak Dasgupta)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below