TSX futures down as coronavirus cases spike

(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.

Dow Jones Industrial Average e-mini futures 1YMc1 were down 0.1% at 7:00 a.m. ET and S&P 500 e-mini futures ESc1 dipped 0.01%. Nasdaq 100 e-mini futures NQc1 were up 0.16%.

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

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