Dec 1 (Reuters) - Canada's main stock index was set to open
higher on Tuesday as oil prices steadied after the dollar eased,
but concerns about oversupply lingered ahead of the Organization
of the Petroleum Exporting Countries (OPEC) meeting this week.
The OPEC is expected to stick to its output target when it
gives its decision on Friday.
December futures on the S&P TSX index SXFc1 were up 0.62
percent at 7:10 a.m. ET.
Gross domestic product data for the third quarter is due at
8:30 a.m. ET. ECONCA
Canada's main stock index rallied on Monday, led by strength
in resource stocks and as financial shares rose ahead of bank
earnings reports this week. However, the index lost 0.4 percent
in November.
Dow Jones Industrial Average e-mini futures 1YMc1 were up
0.41 percent at 7:10 a.m. ET, while S&P 500 e-mini futures
Esc1 were up 0.35 percent and Nasdaq 100 e-mini futures NQc1
were up 0.38 percent. .N
(Morning News Call newsletter http://link.reuters.com/nex49s;
The Day Ahead newsletter http://link.reuters.com/mex49s)
TOP STORIES TOP/CAN
Bank of Nova Scotia BNS.TO , Canada's third-largest bank,
reported a higher quarterly profit that beat market
expectations, driven by robust asset growth and a benefit from
favorable foreign exchange moves.
Canadian Oil Sands Ltd COS.TO set a capital expenditure
target of C$295 million for 2016, down about 35 percent from the
estimated budget for 2015, saying the Syncrude oil sands project
would help raise output at lower costs.
COMMODITIES AT 7:10 a.m. ET COM/WRAP
Gold futures GCc2 : $1,068.10; +0.25 pct GOL/
US crude CLc1 : $41.68; +0.10 pct O/R
Brent crude LCOc1 : $44.62; +0.02 pct O/R
LME 3-month copper CMCU3 : $4,611; +0.55 pct MET/L
ANALYST RESEARCH HIGHLIGHTS RCH/CA
Jean Coutu Group PJC Inc PJCA.TO : RBC cuts price target to
C$20 from C$24
Cenovus Energy Inc CVE.TO : Goldman Sachs (N:GS) raises to
"neutral" from "sell"
U.S. ECONOMIC DATA DUE ON TUESDAY
0855 Redbook mm: Prior +0.9 pct
0855 Redbook yy: Prior +1.5 pct
0945 Markit Manufacturing PMI Final for Nov: Prior 52.6
1000 Construction spending mm for Oct: Expected +0.5 pct;
Prior +0.6 pct
1000 ISM Manufacturing PMI for Nov: Expected 50.5; Prior
50.1
1000 ISM Manufacturing Prices Paid Index for Nov: Expected
40.0; Prior 39.0
1000 ISM Manufacturing Employment Index for Nov: Expected
48.4; Prior 47.6
1000 ISM Manufacturing New Orders Index for Nov: Prior 52.9
1030 Texas Service Sector Outlook for Nov: Prior 5.6
1030 Dallas Fed Services Revenue Index for Nov: Prior 7.6
1330 Domestic car sales for Nov: Expected 5.80 mln; Prior
5.89 mln
1330 Domestic truck sales for Nov: Expected 8.52 mln; Prior
8.61 mln
1330 Total vehicle sales for Nov: Expected 18.10 mln; Prior
18.24 mln
1330 All car sales for Nov: Prior 8.01 mln
1330 All truck sales for Nov: Prior 10.23 mln
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$1.33)