(Reuters) – Futures for Canada’s main stock index fell on Monday, hit by souring risk sentiment across global equities following warnings that Russia could invade Ukraine at any time.
March futures on the S&P/TSX index were down 0.7% at 06:53 a.m. ET.
The Toronto Stock Exchange’s composite index ended 0.1% higher at 21,548.84 on Friday, recording its third straight weekly advance. [.TO]
Russia could invade Ukraine at any time and might create a surprise pretext for an attack, the United States said on Sunday, as it reaffirmed a pledge to defend “every inch” of NATO territory.
Dow e-minis were down 215 points, or 0.62%, at 6:53 a.m. ET, while S&P 500 e-minis were down 31 points, or 0.7%, and Nasdaq 100 e-minis were down 129 points, or 0.91%. [.N]
TOP STORIES [TOP/CAN]
Canada has temporarily withdrawn its Ukraine-based military personnel to an undisclosed destination in Europe, the Canadian defence ministry said on Sunday, as Western countries fear Russia is preparing to invade Ukraine.
A pandemic-driven exodus of young families out of Canada’s largest cities has depleted a core age group of workers from the already tight labor market, which experts say risks accelerating wage inflation in certain industries.
ANALYST RESEARCH HIGHLIGHTS [RCH/CA]
Constellation Software: National Bank of Canada ups PT to C$2,350 from C$2,100
Telus Corp: JP Morgan raises to “overweight” from “neutral”
Toromont Industries Ltd: TD Securities raises target price to C$125 from C$120
COMMODITIES AT 7:00 a.m. ET
Gold futures: $1855.9; +0.8% [GOL/]
US crude: $92.8; -0.27% [O/R]
Brent crude: $94.11; -0.25% [O/R]
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report [.TO]
Canadian dollar and bonds report [CAD/] [CA/]
Reuters global stocks poll for Canada
Canadian markets directory
($1= C$1.28)
(Reporting by Amal S in Bengaluru; Editing by Devika Syamnath)
