CANADA STOCKS-TSX futures flat ahead of Macklem, Powell speeches

Feb 7 (Reuters) - Futures for Canada's main stock index were flat on Tuesday as investors looked for clues on the interest rate-hike trajectory ahead of speeches from both U.S. Federal Reserve chair and the Bank of Canada's governor due later in the day. March futures on the S&P/TSX index were flat at 7:01 a.m. ET (1201 GMT). The Toronto Stock Exchange's S&P/TSX composite index ended down 129.42 points, or 0.6%, at 20,628.92, its lowest closing level since Jan. 30. The BoC's governor, Tiff Macklem, will be speaking at the CFA Society in Quebec. The remarks come after the BoC's survey showed on Monday that market participants expected the central bank to cut interest rates by a half a percentage point to 4% by December.

The BoC will also be releasing minutes from its monetary policy meeting in January for the first time in its history on Wednesday. Across the border, U.S. futures inched higher ahead of Fed chair Jerome Powell's speech, with investors awaiting clues on how long the interest rates will be kept higher. Meanwhile, Canada's trade balance data for December is due at 08:30 a.m. ET.

In company news, a U.S. judge on Monday ordered regulators to reconsider part of the permit approving Lithium Americas Corp's Thacker Pass lithium mine project in Nevada, while rejecting claims that the project would cause unnecessary harm to the environment or wildlife. In earnings, exchange operator TMX Group reported better-than-expected fourth-quarter profits, but missed market expectations on revenue. Transportation company TFI International reported its fourth-quarter results, with both earnings and revenue falling below market expectations.

COMMODITIES AT 7:00 a.m. ET

Gold futures : $1,127.7; -0.06% US crude : $75.33; +1.66% Brent crude : $82.16; +1.46% U.S. ECONOMIC DATA DUE ON TUESDAY International trade data for December due at 08:30 a.m. ET (Reporting by Shristi Achar A and Shashwat Chauhan in Bengaluru; Editing by Maju Samuel)

shashwat.chauhan@thomsonreuters.com;))

Reuters

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.

off-the-wire

CANADA STOCKS-TSX futures flat ahead of Macklem, Powell speeches

By Reuters

Reuters

Reuters

Gold is never going back to $2,000: 'That's history,' prices to 3x from here – Peter Schiff

‘Biggest economic shift since Nixon’: Major U.S. monetary policy changes coming in 12-36 months – Jack Mallers

India joins South Africa in denying BRICS currency plans after Trump’s 100% tariff threat

Solid price gains for gold, silver after busy news weekend

Bitcoin remains a ‘speculative vehicle’ and ‘won’t work’ as a reserve: ‘I prefer gold’ – Ray Dalio