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%.
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