Feb 10 (Reuters) - Futures on Canada's main stock index were higher on Friday on strengthening oil prices and hopes of business-friendly tax cuts in the United States.
President Donald Trump said on Thursday that in coming weeks he would announce something "phenomenal" in terms of tax although he offered no further details. prices rose more than 1 percent after the International Energy Agency reported record initial compliance by OPEC members implementing last year's landmark deal to curb output. futures on the S&P TSX index SXFc1 were up 0.15 percent at 7:15 a.m. ET.
Statistics Canada is scheduled to report employment data for January at 8:30 a.m. ET. ECONCA
The Canadian jobs market is expected to have been unchanged in January, after a strong second half of the year in 2016, leaving the unemployment rate steady at 6.9 percent. After a gain in part-time jobs last year, analysts will look to see if the quality of jobs improved.
The Toronto Stock Exchange's S&P/TSX composite index rose on Thursday to its highest close in two weeks, nearing an all-time peak, as higher oil prices and the prospect of U.S. tax cuts helped trigger gains for heavyweight energy and financial shares. Jones Industrial Average e-mini futures 1YMc1 were up 0.14 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.11 percent and Nasdaq 100 e-mini futures NQc1 were up 0.12 percent. .N
(Morning News Call newsletter http://share.thomsonreuters.com/assets/newsletters/Morning_News_Call/MNC_US.pdf ; The Day Ahead newsletter http://share.thomsonreuters.com/assets/newsletters/The_Day_Ahead/TDA_NAM.pdf)
TOP STORIES TOP/CAN
Agrium Inc AGU.TO , AGU.N , a Canadian fertilizer maker and the world's biggest farm retailer, on Thursday forecast a less profitable year than expected and said its quarterly profit plunged. Cameco Corp CCO.TO CCJ.N reported a lower-than-expected quarterly profit, hurt by weak uranium prices. RESEARCH HIGHLIGHTS RCH/CA
Manulife Financial Corp MFC.TO : CIBC raises price target to C$27 from C$23
Precision Drilling Corp PD.TO : CIBC raises price target to C$11 from C$10.5
Telus Corp T.TO : Barclays (LON:BARC) raises target price to C$50 from C$48
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCc1 : $1224.7; -0.84 percent GOL/
US crude CLc1 : $53.59; +1.11 percent O/R
Brent crude LCOc1 : $56.32; +1.24 percent O/R
LME 3-month copper CMCU3 : $5880.5; +1 percent MET/L
U.S. ECONOMIC DATA DUE ON FRIDAY
0830 Import prices mm for Jan: Expected 0.2 pct; Prior 0.4 pct
0830 Export prices mm for Jan: Expected 0.1 pct; Prior 0.3 pct
1000 U Mich Sentiment Preliminary for Feb: Expected 97.9; Prior 98.5
1000 U Mich Conditions Preliminary for Feb: Expected 110.9; Prior 111.3
1000 U Mich Expectations Preliminary for Feb: Expected 89.0; Prior 90.3
1000 U Mich 1 year inflation preliminary for Feb: Prior 2.6 pct
1000 U Mich 5-year inflation preliminary for Feb: Prior 2.6 pct
1030 ECRI Weekly Index: Prior 145.1
1030 ECRI weekly annualized: Prior 11.8 pct
1400 Federal budget for Jan: Expected $40.00 bln; Prior -$28.00 bln
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report .TO
Canadian dollar and bonds report CAD/ CA/
Reuters global stocks poll for Canada EQUITYPOLL1 EPOLL/CA
Canadian markets directory CANADA ($1= C$1.31)