CANADA STOCKS-TSX futures edge lower tracking weak metal prices

Kitco Media
By Reuters
Published:
Updated:
Reuters
March 2 (Reuters) - Futures for Canada's main stock index edged lower on Thursday, as base and precious metal prices were pulled lower by a strengthening dollar. March futures on the S&P/TSX index were down 0.4% at 7:11 a.m. ET. The Toronto Stock Exchange's S&P/TSX composite index ended 0.2% higher in the previous session, led by materials and energy stocks after manufacturing data from China eased some economic slowdown fears Prices of copper and gold fell as a stronger dollar made the metals more expensive for consumers holding other currencies. Among company news, Canadian Natural Resources Ltd missed market expectations for quarterly profits as production was hit by severe winter weather. Toronto-Dominion Bank's $13.4 billion acquisition of U.S.-based First Horizon Corp may get delayed further due to pending regulatory approvals, the U.S. bank said. London Stock Exchange Group announced plans to buy back more of its shares from a consortium of Blackstone and Thomson Reuters , from which it acquired data analytics group Refinitiv for $27 billion in January 2021. Dow e-minis were up 96 points, or 0.29% at 7:11 a.m. ET, while S&P 500 e-minis were down 10.5 points, or 0.27% and Nasdaq 100 e-minis were down 49.75 points, or 0.42%. COMMODITIES AT 7:00 a.m. ET


Gold futures : $1,841.5; -0.2% US crude : $78.23; +0.6% Brent crude : $84.89; +0.6% FOR CANADIAN MARKETS NEWS, CLICK ON CODES: TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1 = 1.3612 Canadian dollars) (Reporting by Johann M Cherian in Bengaluru; Editing by Anil D'Silva)

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