(Reuters) – Futures for Canada’s main stock index fell on Wednesday, dragged lower by gold stocks as bullion prices weakened on a firmer dollar, while investors awaited the U.S. Federal Reserve policy statement for clarity on monetary stimulus.
Spot gold was down 0.8% as concerns over the passage of a U.S. stimulus package weighed on the metal’s appeal.
March futures on the S&P/TSX index were down 0.73% at 7:00 a.m. ET.
The Toronto Stock Exchange’s S&P/TSX composite index ended 0.62% lower at 17,795.15 on Tuesday.
Dow Jones Industrial Average e-mini futures were down 0.82% at 7:00 a.m. ET, while S&P 500 e-mini futures slipped 0.75% and Nasdaq 100 e-mini futures eased 0.08%.
TOP STORIES [TOP/CAN]
Canadian National Railway Co said on Tuesday it aims to deliver high single-digit earnings per share growth in fiscal 2021 and beat quarterly profit as improvement in consumer spending drove volumes.
ANALYST RESEARCH HIGHLIGHTS [RCH/CA]
Canadian National Railway Co: JP Morgan cuts target price to C$145 from C$150
Metro Inc: ATB Capital Markets raises target price to C$62 from C$61
Yamana Gold Inc: National Bank of Canada cuts target price to C$7.50 from C$9
COMMODITIES AT 7:00 a.m. ET
Gold futures: $1838.3; -0.64% [GOL/]
US crude: $52.6; +0.02% [O/R]
Brent crude: $55.99; +0.14% [O/R]
U.S. ECONOMIC DATA DUE ON WEDNESDAY
0830 Durable goods for Dec: Expected 0.9%; Prior 1.0%
0830 Durables ex-transport for Dec: Expected 0.5%; Prior 0.4%
0830 Durables ex-defense mm for Dec: Prior 0.8%
0830 Nondefense cap ex-air for Dec: Expected 0.6%; Prior 0.5%
1400 Fed funds target rate: Expected 0-0.25%; Prior 0-0.25%
1400 Fed int on excess reserves: Prior 0.10%
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report [.TO]
Canadian dollar and bonds report [CAD/] [CA/]
Reuters global stocks poll for Canada
Canadian markets directory
(Reporting by Amal S in Bengaluru, Editing by Sherry Jacob-Phillips)
This content was originally published here.
We begin this week with a Federal Reserve chart that illustrates the US fiat monetary base, the running total of fiat…
Adomonline.com has exclusive photos of the police officer who was killed in the daylight bullion van robbery at…
The Doc believes in doing business the old-fashioned way. We provide every customer with a refund, return…
Share Great Content for Our Resource Section
MoneyForGold.com is a resource site created for those looking to sell their personal collection of gold - whether it’s jewelry, coins, bars, antiques, etc., anything made from gold can be sold for quick cash. We encourage visitors to signup and share quality “Money For Gold” resources.
Have a question or comment? Email us at: firstname.lastname@example.org