March 30 (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index on Thursday following a dip in oil prices as bloated U.S. inventories limited the impact of supply disruption in Libya.
June futures on the S&P TSX index SXFc1 were down 0.17 percent at 7:15 a.m. ET.
Canada producer prices, scheduled for release at 8:30 a.m. ET, likely rose 0.3 percent in February, after recording 0.4 percent rise in the prior month. ECONCA
The Toronto Stock Exchange's S&P/TSX composite index rose modestly on Wednesday as a more than 2 percent increase in oil prices boosted shares of energy and resource companies. Jones Industrial Average e-mini futures 1YMc1 were down 0.13 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.13 percent and Nasdaq 100 e-mini futures NQc1 were down 0.11 percent. .N
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TOP STORIES TOP/CAN
ConocoPhillips (NYSE:COP) COP.N on Wednesday agreed to sell oil sands and western Canadian natural gas assets to Cenovus Energy Inc CVE.TO for C$17.7 billion ($13.3 billion), making it the latest international oil major to pull back from a region where high costs and low crude prices have made it hard for large companies to make an acceptable return. hedge fund manager William Ackman has apologized to clients for betting on Valeant Pharmaceuticals International Inc (NYSE:VRX) VRX.TO , telling them he was "deeply and profoundly sorry" for losing so much of their money on the investment. RESEARCH HIGHLIGHTS RCH/CA
AGF Management Ltd AGFb.TO : Desjardins raises target price to C$7; rating "buy"
Black Diamond Group Ltd BDI.TO : RBC starts coverage with "sector perform", C$4.25 target price
Redknee Solutions Inc RKN.TO : RBC cuts target price to C$1 from C$1.75
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCc1 : $1250.2; -0.28 percent GOL/
US crude CLc1 : $49.41; -0.2 percent O/R
Brent crude LCOc1 : $52.16; -0.5 percent O/R
LME 3-month copper CMCU3 : $5876; -0.52 percent MET/L
U.S. ECONOMIC DATA DUE ON THURSDAY
08:30 Corporate Profits Preliminary for Q4: Prior 6.7 pct
08:30 GDP final for Q4: Expected 2.0 pct; Prior 1.9 pct
08:30 GDP sales final for Q4: Expected 1.0 pct; Prior 0.9 pct
08:30 GDP consumption spending final for Q4: Prior 3.0 pct
08:30 GDP deflator final for Q4: Expected 2.0 pct; Prior 2.0 pct
08:30 Core PCE prices final for Q4: Expected 1.2 pct; Prior 1.2 pct
08:30 PCE prices final for Q4: Expected 2.1 pct; Prior 1.9 pct
08:30 Initial jobless claims: Expected 248,000; Prior 261,000
08:30 Jobless claims 4-week average: Prior 246,500
08:30 Continued jobless claims: Expected 2.020 mln; Prior 1.990 mln
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