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CANADA STOCKS-Futures higher after rise in oil prices

Published 2017-02-21, 07:43 a/m
Updated 2017-02-21, 07:50 a/m
© Reuters.  CANADA STOCKS-Futures higher after rise in oil prices

Feb 21 (Reuters) - Canada's main stock index futures pointed to a higher start on Tuesday on strengthening oil prices, as OPEC aims for deeper output cuts directed at reining in a global fuel supply overhang.

March futures on the S&P TSX index SXFc1 were up 0.17 percent at 7:15 a.m. ET.

The Toronto Stock Exchange's S&P/TSX composite index ended its winning streak on Friday, pulling back from the previous day's record high, pressured by losses for the materials group as prices of base and precious metals fell. major Canadian economic releases are scheduled. ECONCA

Dow Jones Industrial Average e-mini futures 1YMc1 were up 0.35 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.24 percent and Nasdaq 100 e-mini futures NQc1 were up 0.26 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

Restaurant Brands International Inc QSR.TO , owner of the Burger King and Tim Hortons fast-food chains, is nearing a deal to acquire Popeyes Louisiana Kitchen Inc PLKI.O , people familiar with the matter said on Monday. in four Canadians say Ottawa should have adopted a temporary halt on Syrian refugees in response to the United States' controversial travel ban, though the majority supported the government's current immigration plan, an Angus Reid Institute poll showed on Monday. Canada Border Services Agency said on Monday it would investigate whether silicon metal from Brazil, Malaysia and five other countries was being sold at unfairly low prices in Canada after a Quebec-based company filed a complaint. RESEARCH HIGHLIGHTS RCH/CA

Bank of Montreal BMO.TO : KBW raises target price to C$105 from C$95

Fairfax Financial Holdings Ltd FFH.TO : CIBC cuts target price to C$600 from C$650

Royal Bank of Canada RY.TO : KBW raises target price to C$92 from C$83

COMMODITIES AT 7:15 a.m. ET COM/WRAP

Gold futures GCc1 : $1228.7; -0.72 percent GOL/

US crude CLc1 : $54.34; +1.76 percent O/R

Brent crude LCOc1 : $57.09; +1.62 percent O/R

LME 3-month copper CMCU3 : $6050; -0.33 percent MET/L

U.S. ECONOMIC DATA DUE ON TUESDAY

0945 Markit Composite PMI flash for Feb: Prior 55.80

0945 Markit Manufacturing PMI flash for Feb: Expected 55.2; Prior 55.0

0945 Markit Services PMI flash for Feb: Expected 55.7; Prior 55.6

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)

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