April 28 (Reuters) - Futures for Canada's main stock
index fell on Friday, as gold lost ground and downbeat mood on
Wall Street after disappointing overnight forecasts spilled
over.
June futures on the S&P/TSX index were down 0.4% at
6:54 a.m. ET.
Gold prices edged lower against the dollar as market
participants weighed prospects of another rate hike from the
U.S. Federal Reserve. Across the border, U.S. stock index futures dropped on
Amazon.com Inc's warning about a slowdown in its cloud
business, and downbeat forecasts from social media companies
Snap Inc and Pinterest Inc . Markets await the U.S. personal consumption expenditures
index data, the Fed's preferred inflation gauge, later in the
day, ahead of the central bank's key policy meeting next week.
The Toronto Stock Exchange's S&P/TSX composite index ended higher on Thursday, as financials and energy
contributed to broad-based gains.
Meanwhile, Canada's GDP data for February is due at 8:30
a.m. ET.
In company news, TC Energy Corp beat analysts'
estimate for first-quarter profit as elevated energy prices
boosted demand for the pipeline operator's services.
National Bank of Canada upgraded business jet maker
Bombardier Inc to "outperform" from "sector perform."
COMMODITIES AT 6:54 a.m. ET
Gold futures : $1,992.8; -0.31% US crude : $74.97; +0.28% Brent crude : $78.86; +0.63% 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 = 1.3648 Canadian dollars)
(Reporting by Shristi Achar A in Bengaluru; Editing by Shilpi
Majumdar)
