TSX futures down on weaker bullion prices | The Chronicle Herald

TSX Futures Down on Weaker Bullion Prices | the Chronicle Herald

(Reuters) – Futures for Canada’s main stock index fell on Tuesday, with the main set to snap its two-day win streak, as bullion prices eased on stronger dollar.

Gold futures fell 0.11% as dollar firmed ahead of the U.S. Federal Reserve Chairman Jerome Powell’s testimony to Congress later in the day.

March futures on the S&P/TSX index were down 0.29% at 7:00 a.m. ET.

The Toronto Stock Exchange’s S&P/TSX composite index ended 0.2% higher at 18,422.24 on Monday.

Dow Jones Industrial Average e-mini futures were down 0.04% at 7:00 a.m. ET, while S&P 500 e-mini futures fell 0.44% and Nasdaq 100 e-mini futures dropped 1.49%.


Brookfield Infrastructure Partners on Monday formally launched a hostile bid to buy Inter Pipeline Ltd with the same C$16.50-per-share offer the Canadian oil and gas transportation company had rejected as inadequate weeks ago.

Bank of Nova Scotia beat analyst estimates for first-quarter profit on Tuesday, as it set aside lower-than-expected funds for loan loss provisions and its wealth management unit performed well.

Thomson Reuters Corp, reported higher fourth-quarter revenue on Tuesday and said it would start a two-year program that will change it from a holding company to an operating company.


Calian Group Ltd: Canaccord Genuity raises target price to C$77 from C$75

Just Energy Group Inc: CIBC cuts rating to “underperform” from “neutral”

Solaris Resources Inc: TD Securities raises price target to C$11 from C$10


Gold futures: $1805.3; -0.11%

US crude: $62.1; +0.66%

Brent crude: $65.64; +0.6%


0900 Monthly home price mm for Dec: Prior 1.0%

0900 Monthly home price yy for Dec: Prior 11.0%

0900 Monthly Home Price Index for Dec: Prior 310.1

0900 Caseshiller 20 mm SA for Dec: Expected 1.3%; Prior 1.4%

0900 Caseshiller 20 mm NSA for Dec: Prior 1.1%

0900 Caseshiller 20 yy for Dec: Expected 9.9%; Prior 9.1%

1000 Consumer Confidence for Feb: Expected 90.0; Prior 89.3

1000 Rich Fed Composite  Index for Feb: Prior 14

1000 Rich Fed, Services Index for Feb: Prior -3

1000 Rich Fed Manufacturing Shipments for Feb: Prior 10

1030 Texas Service Sector Outlook for Feb: Prior -1.2

1030 Dallas Fed Services Revenues for Feb: Prior 0.8

(Reporting by Amal S in Bengaluru; Editing by Krishna Chandra Eluri)

This content was originally published here.


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