May 29 (Reuters) - Stock futures pointed to a slightly lower opening for Canada's main stock index on Monday as oil and commodity prices weakened.
Oil prices slipped as increased U.S. drilling activity outweighed an OPEC-led push to tighten supply. O/R
June futures on the S&P TSX index SXFc1 were down 0.07 percent at 7:15 a.m. ET (1115GMT).
No economic data is scheduled for release. ECONCA
U.S. stock markets are closed for Memorial day. .N
Canada's main stock index ended barely higher in subdued trade on Friday as small gains for some big banks and a boost for gold miners from higher bullion prices were offset by declines in pipeline companies and railway stocks. 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
Canada's Fairfax Financial Holdings FFH.TO plans to sell a 12.2 percent stake in its Indian joint venture insurer ICICI Lombard in a deal that will value the company at 203 billion rupees, the Indian company said on Saturday. RESEARCH HIGHLIGHTS RCH/CA
Blackberry (TO:BB) Ltd BBRY.O : Raymond James cuts rating to "market perform" from "outperform"
Sandvine Corp SVC.TO : National Bank of Canada raises price target to C$4.50 from C$3.25
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCc2 : $1,268.5; -0.09 pct GOL/
U.S. crude CLc1 : $49.62; -0.32 pct O/R
Brent crude LCOc1 : $52.01; -0.27 pct O/R
LME 3-month copper CMCU3 : $5,667.15; -0.99 pct MET/L
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