TSX Futures Retreat
Futures for equities in Canada inched lower on Wednesday, ahead of inflation data due later in the day and amid downbeat global mood on concerns over economic growth and rising consumer prices. The SP|TSX popped 284.6 points or 1.4%, to end Tuesday at 20,491.01 June futures faded 0.1% Wednesday. The Canadian dollar doffed 0.20 cents to 77.87 cents U.S. CIBC cut the target price on CAP REIT to $60.00 from $63.00 CIBC cut the target price on Hudbay Minerals to $11.50 from $14.00 ATB Capital Markets raised the rating on Questor Technology to sector perform from underperform. On the economic slate, Statistics Canada reports the Consumer Price Index (CPI) rose 6.8% on a year-over-year basis in April, up from a 6.7% gain in March. On a seasonally adjusted monthly basis, the CPI increased 0.7% in April. Elsewhere, Alberta Premier Jason Kenney told a U.S. Senate committee Tuesday Canada could add over a million barrels per day (bpd) of oil export capacity to the United States over the next two years.
TSX Futures Retreat
Futures for equities in Canada inched lower on Wednesday, ahead of inflation data due later in the day and amid downbeat global mood on concerns over economic growth and rising consumer prices. The SP|TSX popped 284.6 points or 1.4%, to end Tuesday at 20,491.01 June futures faded 0.1% Wednesday. The Canadian dollar doffed 0.20 cents to 77.87 cents U.S. CIBC cut the target price on CAP REIT to $60.00 from $63.00 CIBC cut the target price on Hudbay Minerals to $11.50 from $14.00 ATB Capital Markets raised the rating on Questor Technology to sector perform from underperform. On the economic slate, Statistics Canada reports the Consumer Price Index (CPI) rose 6.8% on a year-over-year basis in April, up from a 6.7% gain in March. On a seasonally adjusted monthly basis, the CPI increased 0.7% in April. Elsewhere, Alberta Premier Jason Kenney told a U.S. Senate committee Tuesday Canada could add over a million barrels per day (bpd) of oil export capacity to the United States over the next two years.