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March futures on the S&P/TSX index were up 0.7% at 06:38 a.m.
ET.
Moderating tensions between the West and Russia over Ukraine and
a string of upbeat earnings appeared to lift global sentiment
for risk assets. [MKTS/GLOB]
Manulife Financial Corp and Sun Life Financial are expected to
report earnings for the fourth quarter after markets close on
Wednesday.
Additionally, Bank of Canada Governor Macklem is due to speak at
the Canadian Chamber of Commerce at 1700 GMT.
The Toronto Stock Exchange's S&P/TSX composite index ended 0.7%
higher on Tuesday. [.TO]
Dow e-minis were up 186 points, or 0.53% at 06:38 a.m. ET, while
S&P 500 e-minis were up 31.5 points, or 0.7%, and Nasdaq 100
e-minis were up 137.75 points, or 0.93%. [.N]
TOP STORIES [TOP/CAN]
Canada's largest stock market operator, TMX Group, plans to
launch its first cryptocurrency futures product in response to
institutional investors' desire to offset the risks of trading
in the relatively new asset class, the company's chief executive
officer told Reuters.
Oil prices slipped for a third session on profit taking due to
concerns of a possible rise in supplies from Iran despite
industry data showing a surprise drop in U.S. oil inventories.
[O/R]
Canadians say they are concerned that a political strife in the
United States will undermine security and economic growth at
home, according to a new poll.
ANALYST RESEARCH HIGHLIGHTS [RCH/CA]
Northland Power Inc: Atb Capital Markets cuts target price to
C$50 from C$52
Prairiesky Royalty Ltd: Canaccord Genuity raises target price to
C$21 from C$20
TFI International Inc: National Bank of Canada raises target
price to C$160 from C$153
COMMODITIES AT 7:00 a.m. ET
Gold futures: $1,827; +0.03%[GOL/]
US crude: $88.96; -0.4% [O/R]
Brent crude: $90.39; -0.4% [O/R]
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
($1= C$1.2694)
(Reporting by Anisha Sircar in Bengaluru; Editing by Vinay
Dwivedi)
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