CANADA STOCKS-TSX futures lower ahead of inflation data

  • 7/28/2021
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July 28 (Reuters) - Futures for Canada’s main stock index fell on Wednesday, as investors awaited local inflation data to gauge the pace of economic recovery from the pandemic. September futures on the S&P/TSX index were down 0.17% at 7:00 a.m. ET. Cannabis firm Tilray Inc reported quarterly revenue that fell short of analysts’ estimates, hurt primarily by COVID-19 lockdowns in its key Canadian market. Canada’s inflation data for the month of June is due at 8:30 a.m. ET. The Toronto Stock Exchange’s S&P/TSX composite index ended 0.07% lower at 20,173.35 on Tuesday. Dow Jones Industrial Average e-mini futures were down 0.14% at 7:00 a.m. ET, while S&P 500 e-mini futures were up 0.03% and Nasdaq 100 e-mini futures NQc1 were up 0.12%. TOP STORIES Canadian retailer Loblaw Cos Ltd beat estimates for quarterly revenue, as consumer demand for groceries and other essentials stayed robust during the pandemic. COMMODITIES AT 7:00 a.m. ET Gold futures: $1798.8; -0.05% US crude: $72.01; +0.5% Brent crude: $74.72; +0.28% U.S. ECONOMIC DATA DUE ON WEDNESDAY 0830 Advance goods trade balance for Jun: Prior -88.16 bln 0830 Wholesale inventories advance for Jun: Prior 1.3% 0830 Retail inventories ex-auto advance for Jun: Prior 0.9% 1400 Fed funds target rate for 28 Jul: Expected 0-0.25%; Prior 0-0.25% 1400 Fed int on excess reserves for 28 Jul: Prior 0.15% 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= C$1.26 Reporting by Amal S in Bengaluru; Editing by Shounak Dasgupta Our Standards: The Thomson Reuters Trust Principles.

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