CANADIAN EQUITIES-Toronto futures drop as Wall Street and oil prices drop

November 24 (Reuters)Futures for the main Canadian stock index fell on Wednesday, reflecting the mood on Wall Street ahead of major US data, as weak oil prices further clouded sentiment.

December futures on the S & P / TSX index SXFc1 were down 0.2% as of 7:00 a.m. ET.

Oil prices edged down as investors questioned the effectiveness of a US-led release of oil from strategic reserves and focused on producer response. WHERE

Toronto Stock Exchange S & P / TSX Composite Index .GSPTSE finished down 0.15% to 21,453.77 on Tuesday, ending its four-day winning streak. .TO

Dow e-minis 1YMcv1 were down 91 points, or 0.25%, as of 7:01 a.m. ET, while the S&P 500 e-minis EScv1 were down 7.75 points, or 0.17%, and the Nasdaq 100 e-minis NQcv1 were down 24.5 points, or 0.15%. .NOT

BEST STORIES UP / CAN

Canada’s warehouses are filling up with everything from furniture to alcohol after flooding in British Columbia washed away critical rail and highway lines, disrupting already strained supply chains.

HIGHLIGHTS OF ANALYST RESEARCH RCH / CA

Altius Minerals Corp. ALS.TO: Canaccord Genuity Reduces Target Price From C $ 21 To C $ 20

Interfor Corp IFP.TO: Scotiabank increases target price from C $ 42 to C $ 44

Uni-Select Inc UNS.TO: National Bank of Canada raises target from C $ 27.5 to C $ 25.5

PRODUCTS AT 7:00 a.m.ET

Gold Futures GCc2: $ 1,787.7; + 0.22% GOL /

american crude CLc1: $ 78.41; -0.1% WHERE

Brent raw LCOc1: $ 82.1; -0.23% WHERE

US ECONOMIC DATA REPORTED TUESDAY

0800 Building permit number R for Oct: Before 1.650 mln

0800 Building permit R change mm for oct: Before 4.0%

8:30 a.m. Preliminary business profits for Q3: before 10.5%

8:30 am Durable goods for October: 0.2% expected; Before -0.3%

8:30 am Durable goods excluding transport for October: 0.5% expected; Before 0.5%

0830 Durable ex-defense mm for Oct: Previous -1.9%

8:30 am Ex-air non-defensive ceiling for October: 0.5% expected; Before 0.8%

0830 GDP 2nd estimate for Q3: Expected 2.2%; Before 2.0%

8:30 am Preliminary GDP sales for Q3: 0.0% expected; Before -0.1%

0830 GDP against preliminary expenditure for Q3: Before 1.6%

8:30 am Preliminary GDP deflator for Q3: expected 5.7%; Before 5.7%

8:30 am Preliminary Core PCE prices for Q3: expected 4.5%; Before 4.5%

0830 Preliminary PCE prices for Q3: Before 5.3%

08:30 am Initial unemployment request: 260,000 expected; Before 268,000

0830 Unemployment claim Average over 4 weeks: Before 272 750

8:30 am Continue to register for unemployment: 2,033 million expected; Before 2,080 million

0830 Anticipated merchandise trade balance for October: before -97.03 billion

8:30 am Wholesalers’ stocks progress for October: before 1.4%

8:30 a.m. Retail stocks excluding auto advance for October: before 0.7%

1000 mm personal income for October: 0.2% expected; Before -1.0%

1000 Actual personal consumption mm for Oct: Before 0.3%

1000 Consumption, adjusted in mm for October: 1.0% expected; Before 0.6%

1000 Core PCE mm price index for October: 0.4% expected; Before 0.2%

1000 Core PCE yy price index for October: 4.1% expected; Before 3.6%

Price Index 1000 PCE mm for Oct: Earlier 0.3%

Price index 1000 PCE aa for October: before 4.4%

1000 U Mich Final Sentiment for November: expected 66.9; Before 66.8

1000 U Mich Final Conditions for Nov: Prior 73.2

1000 U Mich final expectations for November: 63.0; Before 62.8

1000 U Mich 1 year of final inflation for November: before 4.9%

Inflation 1000 U Mich 5 years final for November: Before 2.9%

1000 units of new home sales for October: 800 million expected; Before 0.800 million

1000 New Home Sales Change mm for October: Previous 14.0%

1200 Dallas powered PCE for October: before 5.1%

FOR CANADIAN MARKET NEWS, CLICK ON THE CODES:

TSX Market Report .TO

Report on the Canadian dollar and bonds GOUJAT /CALIFORNIA/

Reuters Global Equity Poll for Canada EQUITYPOLL1, EPOLL / CA

Canadian Market Directory CANADA

($ 1 = CA $ 1.27)

(Reporting by Amal S in Bangalore; Editing by Vinay Dwivedi)

((Amal.S@thomsonreuters.com; in the US +1 646 223 8780; outside the US +91 80 6749 3677;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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Felix J. Dixon