Make Kitco Your Homepage

TSX futures down as coronavirus cases spike

Kitco News

(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.

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%.


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

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.