Feb 24 (Reuters) - Stock futures indicated a lower start for Canada's main stock index on Friday as oil prices slipped due to a surge in U.S. crude inventories for a seventh week.
March futures on the S&P TSX index SXFc1 were down 0.42 percent at 7:15 a.m. ET.
Canadian inflation data is due at 8:30 a.m. ET. ECONCA
The Toronto Stock Exchange's S&P/TSX composite index fell to a 10-day low on Thursday as financial and industrial shares pared recent gains, while the materials group lost ground as base metal prices slumped. Jones Industrial Average e-mini futures 1YMc1 were down 0.38 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.41 percent and Nasdaq 100 e-mini futures NQc1 were down 0.52 percent. .N
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TOP STORIES TOP/CAN
Royal Bank of Canada RY.TO reported a 24 percent rise in first-quarter net income to more than C$3 billion, beating analysts expectations. Dettwiler and Associates Ltd MDA.TO said it agreed to buy U.S.-based satellite imagery provider DigitalGlobe Inc DGI.N for about C$3.10 billion to strengthen its position in the U.S. market. auto parts maker Magna International Inc MG.TO , MGA.N reported a lower-than-expected quarterly profit as costs rose. RESEARCH HIGHLIGHTS RCH/CA
Altus Group Ltd AIF.TO : Canaccord Genuity cuts price target to C$36 from C$38; rating "buy"
Canadian Imperial Bank of Commerce CM.TO : RBC raises target price to C$119 from C$118
Exchange Income Corp EIF.TO : Canaccord Genuity cuts target price to C$49 from C$49.5
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCc1 : $1253.4; +0.26 percent GOL/
US crude CLc1 : $54.08; -0.68 percent O/R
Brent crude LCOc1 : $56.13; -0.8 percent O/R
LME 3-month copper CMCU3 : $5889.5; +0.52 percent MET/L
U.S. ECONOMIC DATA DUE ON FRIDAY
1000 U Mich Sentiment Final for Feb: Expected 96.0; Prior 95.7
1000 U Mich Conditions Final for Feb: Expected 111.2; Prior 111.2
1000 U Mich Expectations Final for Feb: Expected 85.5; Prior 85.7
1000 U Mich 1 year inflation final for Feb: Prior 2.8 pct
1000 U Mich 5 year inflation final for Feb: Prior 2.5 pct
1000 New home sales-units for Jan: Expected 0.570 mln; Prior 0.536 mln
1000 New home sales change mm for Jan: Expected 6.3 pct; Prior -10.4 pct
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