March futures on the S&P TSX index
Wholesale trade data is due at 8:30 a.m. ET.
Canada's main stock index edged higher on Tuesday as a jump in Restaurant Brands International Inc (>> Restaurant Brands International Inc), following the fast-food chain's quarterly report, helped offset declines in the natural resource sectors after commodity prices weakened.
Dow Jones Industrial Average e-mini futures <1YMc1> were up 0.04 percent at 7:15 a.m. ET on Wednesday, while S&P 500 e-mini futures
(Morning News Call newsletter http://link.reuters.com/nex49s; The Day Ahead newsletter http://link.reuters.com/mex49s)
TOP STORIES
Canada is imposing sanctions against top Russian oil firm NK Rosneft OAO and the head of conglomerate Rostec, among others, in response to the actions of Russian-backed militants in Ukraine, Ottawa said on Tuesday.
Cenovus Energy Inc (>> Cenovus Energy Inc), Canada's No. 2 independent oil producer, said on Tuesday that it had agreed to sell 67.5 million shares to a group of underwriters as it seeks to raise about C$1.5 billion for its 2015 capital spending budget as oil prices remain weak.
COMMODITIES AT 7:15 a.m. ET
Gold futures
US crude
Brent crude
LME 3-month copper
ANALYST RESEARCH HIGHLIGHTS
Trinidad Drilling (>> Trinidad Drilling Ltd.): Raymond James raises to outperform from market perform
Exfo Inc (>> Exfo Inc): CIBC cuts to sector underperformer from sector performer
Rona Inc (>> RONA Inc.): National Bank Financial raises to outperform from sector perform
U.S. ECONOMIC DATA DUE ON WEDNESDAY
0830 Building permits number for Jan: Expected +1.069 mln; Prior +1.058 mln
0830 Build permits change mm for Jan: Prior +0.6 pct
0830 Housing Starts number mm for Jan: Expected +1.070 mln; Prior +1.089 mln
0830 House starts change mm for Jan: Prior +4.4 pct
0830 PPI final demand mm for Jan: Expected -0.4 pct; Prior -0.2 pct
0830 PPI ex-food/energy mm for Jan: Expected +0.1 pct; Prior +0.3 pct
0830 PPI final demand yy for Jan: Expected +0.3 pct; Prior +1.1 pct
0830 PPI ex-food/energy yy for Jan: Expected +2.0 pct; Prior +2.1 pct
0915 Industrial output mm for Jan: Prior -0.1 pct
0915 Capacity utilization mm for Jan: Expected +79.9 pct; Prior +79.7 pct
0915 Manufacturing output mm for Jan: Expected +0.3 pct; Prior +0.3 pct
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Reuters global stocks poll for Canada
(Reporting by Nandi Kaul in Bengaluru; Editing by Simon Jennings)