April 21 (Reuters) - Stock futures pointed to a higher start
for Canada's main stock index on Thursday as oil prices rose
after the International Energy Agency suggested the supply glut
could ease this year.
June futures on the S&P TSX index SXFc1 were up 0.22
percent at 7:15 a.m. ET.
Oil prices rose after IEA chief Fatih Birol said 2016 would
see the biggest fall in output by non-OPEC producers.
He said low oil prices had cut investment by about 40
percent in the past two years, with sharp falls in the United
States, Canada, Latin America and Russia.
No major economic events are scheduled for the day. ECONCA
Canada's main stock index rose on Wednesday to a near
six-month high, led by financial sector and energy stocks after
oil turned higher.
Dow Jones Industrial Average e-mini futures 1YMc1 were up
0.06 percent at 7:15 a.m. ET, while S&P 500 e-mini futures
ESc1 were up 0.06 percent and Nasdaq 100 e-mini futures NQc1
were up 0.01 percent.
TOP STORIES
Canada will not give struggling aircraft maker Bombardier
Inc BBDb.TO federal aid without assurances on jobs, investment
in research and the location of the company's headquarters, a
senior government official said on Wednesday.
It could take Canada more than three years to recover from a
shock caused by low oil prices, Bank of Canada Governor Stephen
Poloz said on Wednesday, citing persistently negative factors in
the economy.
Canada's Liberal government will introduce legislation to
legalize and regulate recreational marijuana in spring 2017,
Health Minister Jane Philpott said, boosting shares of medical
marijuana producers such as Canopy Growth Co CGC.V , OrganiGram
Holdings OGI.V and Aphria Inc APH.V .
AT 7:15 a.m. ET
Gold futures GCc1 : $1,259.80; +0.53 pct
US crude CLc1 : $44.12; -0.11 pct
Brent crude LCOc1 : $45.81; +0.02 pct
LME 3-month copper CMCU3 : $5,017.50; +0.72 pct
ANALYST RESEARCH HIGHLIGHTS
Canadian Pacific Railway CP.TO : Barclays (LON:BARC) raises target to
C$200 from C$185; overweight
Husky Energy Inc HSE.TO : Barclays raises target to C$22
from C$21; rating overweight
Teck Resources Ltd TCKb.TO : FBR cuts to market perform
from outperform
U.S. ECONOMIC DATA DUE ON THURSDAY
0830 Initial jobless claims: Expected 263,000; Prior 253,000
0830 Jobless claims 4-week average: Prior 265,000
0830 Continued jobless claims: Expected 2.171 mln; Prior
2.171 mln
0830 National Activity Index for Mar: Prior -0.29
0830 Philly Fed Business Index for Apr: Expected 8.9; Prior
12.4
0830 Philly Fed 6M Index for Apr: Prior 28.80
0830 Philly Fed Capex Index for Apr: Prior 13.3
0830 Philly Fed Employment for Apr: Prior -1.10
0830 Philly Fed Prices Paid for Apr: Prior -0.90
0830 Philly Fed New Orders for Apr: Prior 15.70
0900 Monthly home price mm for Feb: Prior 0.5 pct
0900 Monthly home price yy for Feb: Prior 6.0 pct
0900 Monthly Home Price Index for Feb: Prior 230.7
1000 Leading index change mm for Mar: Expected 0.4 pct;
Prior 0.1 pct
($1 = C$1.27)