Business News

Canada stock futures little changed ahead of economic data

• Bookmarks: 6


The Toronto Stock Exchange sign is seen in Toronto, Ontario, Canada July 6, 2017. REUTERS/Chris Helgren

(Reuters) – Canada’s main stock index futures were little changed on Friday as investors awaited GDP and jobs data.

The gross domestic product report, due at 8:30 a.m. ET, is expected to show growth of 1.6 percent on an annualized basis for the third quarter.

The employment change data, also due at 8:30 a.m. ET, is likely to show an addition of 10,000 jobs in November, bringing the unemployment rate down to 6.2 percent.

December futures on the S&P TSX index SXFc1 were up 0.04 percent at 7:15 a.m. ET.

Canada’s main stock index had its biggest one-day gain in more than two months on Thursday, with energy shares rallying as OPEC members extended output cuts and Canadian Imperial Bank of Commerce (CM.TO) rising after forecast-busting earnings.

Dow Jones Industrial Average e-mini futures 1YMc1 were down 0.34 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.46 percent and Nasdaq 100 e-mini futures NQc1 were down 0.72 percent. [.N]

6 recommended
comments icon0 comments
0 notes
50 views
bookmark icon

Write a comment...

Your email address will not be published. Required fields are marked *