May 30 (Reuters) - Futures indicated a modestly higher
opening for Canada stocks on Monday after Federal Reserve Chair
Janet Yellen suggested a rate hike in the coming months, but
gains were limited as Canadian oil production was set to restart
after huge wildfires.
June futures on the S&P TSX index SXFc1 were up 0.1
percent at 7:15 a.m. EDT.
Current account for the first quarter, producer prices and
raw material prices data for April are due at 8:30 a.m. EDT.
ECONCA
U.S. markets are closed for the Memorial Day holiday.
Canada's main stock index climbed on Friday, helped by
strength in the financial services sector and energy companies,
with investors focusing on monetary policy commentary from U.S.
central bank chief Janet Yellen.
TOP STORIES
Suncor Energy Inc's SU.TO facilities north of Fort
McMurray, Alberta, were expected to partially restart by the end
of the week, the company said on Sunday, the latest sign
Canadian oil sands producers are coming back online after a
massive wildfire.
Seven years into a Canadian housing boom that many have
warned will end in a bust, there are signs of a sales slowdown
in the two hottest cities, with some economists and real estate
agents saying the peak has passed. AT 7:15 a.m. EDT COM/WRAP
Gold futures GCc2 : $1,210.9; -0.35 pct GOL/
US crude CLc1 : $49.24; -0.18 pct O/R
Brent crude LCOc1 : $49.17; -0.32 pct O/R
LME 3-month copper CMCU3 : $4,694.85; +0.73 pct MET/L
ANALYST RESEARCH HIGHLIGHTS
First Majestic Silver Corp FR.TO : Raymond James raises
price target to C$8; rating "underperform"
Fortuna Silver Mines Inc FVI.TO : Raymond James raises
price target to C$8.25; rating "outperform"
($1 = C$1.31)