TSX flat as energy losses offset gains in materials
(Reuters) – Futures for Canada’s main stock index fell on Friday, tracking Wall Street, as rising global coronavirus cases and worries over fading U.S. stimulus dented sentiment.
FILE PHOTO: The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. REUTERS/Chris Helgren
In a surprise move on Thursday, U.S. Treasury Secretary Steven Mnuchin said key COVID-19 pandemic lending programs at the Federal Reserve to support businesses and local governments would expire by the end of the year.
December futures on the S&P/TSX index SXFc1 were down 0.12% at 7:00 a.m. ET.
Data on Canada’s September retail sales is due at 8:30 a.m. ET.
The Toronto Stock Exchange’s S&P/TSX composite index .GSPTSE ended 0.1% higher at 16,909.8 on Thursday.
ANALYST RESEARCH HIGHLIGHTS
Cogeco Communications Inc CCA.TO: CIBC raises to “outperform” from “neutral”
Imperial Oil Ltd IMO.TO: National Bank of Canada raises target price to C$22 from C$21
Norbord Inc OSB.TO: Credit Suisse raises to “neutral” from “underperform”
Reporting by Amal S in Bengaluru; Editing by Amy Caren Daniel