March 22 Stock futures pointed to a lower
opening for Canada's main stock index on Wednesday on growing
doubts whether U.S. President Donald Trump will be able to
deliver on promised tax cuts.
Investors see the Trump administration's struggles to push
through the healthcare overhaul as a sign he may also face
setbacks delivering promised corporate tax cuts.
Adding to pressure, oil prices slipped after data showed
U.S. crude inventories rising faster than expected.
June futures on the S&P TSX index were down 0.15
percent at 7:10 a.m. ET.
No economic indicators are scheduled for release.
Canada's benchmark stock index fell on Tuesday, with
heavyweight financial stocks following Wall Street banks lower
as investors fretted about U.S. President Donald Trump's ability
to boost growth and energy stocks weighing with lower oil
Dow Jones Industrial Average e-mini futures were
down 0.19 percent at 7:10 a.m. ET, while S&P 500 e-mini futures
were down 0.07 percent and Nasdaq 100 e-mini futures
were down 0.06 percent.
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Amaya Inc, the owner of online gambling sites
PokerStars and Full Tilt, reported a fourth-quarter profit,
compared with a year-ago loss, as it added more customers and
A Canadian court has placed Lexin Resources Ltd, a privately
held oil company, in receivership to sell off its assets after
an unprecedented application by the Alberta Energy Regulator
(AER), the agency said.
Canadian oilfield services provider Trican Well Service Ltd
said it would buy smaller rival Canyon Services Group
Inc in a deal valued at about C$637 million, including
ANALYST RESEARCH HIGHLIGHTS
BCE Inc: Barclays reinstates coverage with
First Quantum Minerals Ltd: Berenberg raises rating
to "hold" from "sell"
Dream Global <REIT DRG_u.TO>: NBF resumes coverage with
Teck Resources Ltd: Berenberg raises rating to
"buy" from "hold"
COMMODITIES AT 7:10 a.m. ET
Gold futures: $1,245.1; -0.11 pct
US crude: $47.57; -1.39 pct
Brent crude: $50.22; -1.45 pct
LME 3-month copper: $5,734.50; -0.72 pct
U.S. ECONOMIC DATA DUE ON WEDNESDAY
09:00 Monthly home price mm for Jan: Prior 0.4 pct
09:00 Monthly home price yy for Jan: Prior 6.2 pct
09:00 Monthly Home Price Index for Jan: Prior 242.6
10:00 Existing home sales for Feb: Expected 5.57 mln; Prior
10:00 Existing home sales percentage change for Feb:
Expected -2.0 pct; Prior 3.3 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
(Reporting by Astha Rawat in Bengaluru; Editing by Anil