Canadian stock futures were flat on Tuesday as investors awaited
the January trade balance data.
March futures on the S&P TSX index were down 0.03
percent at 7:15 a.m. ET.
Investors will be watching the January trade data, due at
8:30 a.m. ET, to see if the economy posted its third monthly
trade surplus in a row.
The Toronto Stock Exchange's S&P/TSX composite index closed
up 0.14 percent at 15,629.75 on Monday, its highest close in 11
days as financial and energy shares climbed, while mining stocks
weighed as lower Chinese economic growth targets contributed to
a softening in prices for metals.
Dow Jones Industrial Average e-mini futures were
down 0.12 percent at 7:15 a.m. ET, while S&P 500 e-mini futures
were down 0.17 percent and Nasdaq 100 e-mini futures
were down 0.15 percent.
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Canada's Cameco Corp , the world's second-biggest
uranium producer, is exploring the sale of its U.S. production
facilities, its chief executive said on Monday, as a six-year
industry slump drags on.
Valeant Pharmaceuticals International Inc plans to
line up a $3.06 billion incremental term loan and junk bond sale
as part of a debt restructuring, sources said.
Newmont Mining on Monday became the latest of the
world's biggest gold miners to invest in Canada's Yukon
territory, the site of a famous gold rush 120 years ago, as
miners hunt for rich, new deposits in safe regions.
ANALYST RESEARCH HIGHLIGHTS
Bank of Nova Scotia : CIBC raises rating to
"outperformer" from "neutral"
Canadian Western Bank : CIBC raises target price to
C$33 from C$32
Royal Bank of Canada : CIBC raises target price to
C$106 from C$101
COMMODITIES AT 7:15 a.m. ET
Gold futures : $1223.8; -0.06 percent
US crude : $53.36; +0.3 percent
Brent crude : $56.15; +0.25 percent
LME 3-month copper : $5820.5; -0.64 percent
U.S. ECONOMIC DATA DUE ON TUESDAY
08:30 International trade mm for Jan: Expected -$48.5 bln;
Prior -$44.3 bln
08:30 Goods trade balance (R) for Jan: Prior -69.20 bln
15:00 Consumer credit for Jan: Expected 17.10 bln; Prior
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$1.34)
(Reporting by Nayyar Rasheed in Bengaluru; Editing by Sriraj