Canada's main stock index futures were little changed on Thursday after global stocks pulled back from record highs following weaker-than-expected Chinese economic data.
The S&P/TSX Composite Index nicked lower 16.6 points to close Wednesday’s trading at 15,126.81
September futures were up 0.01% on Thursday morning.
The Canadian dollar dropped 0.26 cents to 81.92 cents U.S. Thursday morning.
Ontario Teachers' Pension Plan and Danish-based pension fund ATP have agreed to buy a 57.7% stake in Copenhagen Airports from Australia's Macquarie for about 9.8 billion Danish crowns (about $1.9 billion Canadian).
Roots Corp said on Wednesday it filed a preliminary prospectus with the securities regulatory authorities in Canada for a proposed initial public offering of its common shares.
JP Morgan raised the target price on Imperial Oil to $38.00 from $36.00
JP Morgan raised the target price on Suncor Energy to $42.00 from $39.00
On the economic slate, Statistics Canada’s new housing price index gained 0.4% in July, market conditions in Vancouver contributing to ongoing strength in that census metropolitan area, proving the main agent of price hikes.
China posted a rare flurry of disappointing data - including its slowest growth in investment in nearly 18 years - suggesting the world's second-largest economy is finally starting to lose some momentum as borrowing costs rise.
ON BAYSTREET
The TSX Venture Exchange skidded 4.04 points Wednesday to 771.16
ON WALLSTREET
U.S. stock index futures pointed to a flat open on Thursday as traders awaited the release of key economic data.
Futures for the Dow Jones Industrials were unchanged at 22,112. S&P 500 futures gave back 1.5 points, or 0.1%, to 2,493.25, while futures on the NASDAQ Composite index dipped 8.5 points, or 0.1%, to 6,000.50
Investors will have two pieces of economic data to sift through on Thursday, with the weekly report on initial jobless claims and the monthly report on inflation both due out in the morning.
Overseas, markets in Europe were fairly flat approaching noon local time, while Japan’s Nikkei 225 trailed 0.3% and the CSI 300 in Shanghai also doffed 0.3%.
Oil prices gained 55 cents to $49.85 U.S. per barrel.
Gold prices faded $3.90 at $1,324.10 U.S. an ounce.
