June 16 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Friday after oil prices rebounded from 2017 lows.
September futures on the S&P TSX index SXFc1 were up 0.07 percent at 7:15 a.m. ET.
Despite the rise in oil prices, the commodity remained on track for a fourth consecutive week of losses because of the ongoing supply overhang.
Investors are also awaiting Canadian securities data for the month of April, due at 8:30 a.m. ET. ECONCA
Canada's main stock index fell to a six-month low on Thursday, tracking global markets that declined on concerns over the pace of economic growth, while the energy and materials groups were squeezed by lower prices for oil and gold. Jones Industrial Average e-mini futures 1YMc1 were up 0.13 percent at 7:15 a.m. ET. S&P 500 e-mini futures ESc1 were up 0.15 percent and Nasdaq 100 e-mini futures NQc1 were up 0.19 percent. .N
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TOP STORIES TOP/CAN
After its near-collapse seven weeks ago, Canadian lender Home Capital Group Inc HCG.TO is taking steps towards recovery by agreeing to settle a regulatory investigation and lining up new funding. to small Canadian businesses picked up in April, boosted by activity in consumer-related sectors and suggesting growth in the broader economy was gaining momentum, data showed on Friday. RESEARCH HIGHLIGHTS RCH/CA
Home Capital Group Inc HCG.TO : TD Securities raises target price to C$18 from C$15
Onex Corp ONEX.TO : RBC cuts target price to C$107 from C$110
Canadian National Railway Co CNR.TO : CIBC raises target price to C$111 from C$105
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCc3 : $1,257.1; +0.2 pct GOL/
US crude CLc1 : $44.83; +0.83 pct O/R
Brent crude LCOc1 : $47.79; +1.27 pct O/R
LME 3-month copper CMCU3 : $5,668.00; +0.12 pct MET/L
U.S. ECONOMIC DATA DUE ON FRIDAY
0830 Building permits: number for May: Expected 1.250 mln; Prior 1.228 mln
0830 Build permits: change mm for May: Prior -2.5 pct
0830 Housing starts number mm for May: Expected 1.215 mln; Prior 1.172 mln
0830 House starts mm: change for May: Prior -2.6 pct
1000 U Mich Sentiment Preliminary for June: Expected 97.1; Prior 97.1
1000 U Mich Conditions Preliminary for June: Expected 111.7; Prior 111.7
1000 U Mich Expectations Preliminary for June: Expected 87.5; Prior 87.7
1000 U Mich 1-Year inflation preliminary for June: Prior 2.6 pct
1000 U Mich 5-Year Inflation preliminary for June: Prior 2.4 pct
1030 ECRI Weekly Index: Prior 144.5
1030 ECRI weekly annualized: Prior 4.2 pct
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Canadian markets directory CANADA ($1 = C$1.33)