Jan 25 (Reuters) - Stock futures pointed to a lower opening
for Canada's main stock index on Monday as oil prices fell after
Iraq announced record-high production, feeding into a heavily
oversupplied market.
March futures on the S&P TSX index SXFc1 were down 0.39
percent at 7:15 a.m. ET.
The Toronto Stock Exchange's S&P/TSX composite index scored
its biggest rally in more than four years on Friday, led by oil
and gas stocks as crude prices surged and investors welcomed
hints of more stimulus from global central banks.
Dow Jones Industrial Average e-mini futures 1YMc1 were
down 0.28 percent at 7:15 a.m. ET, while S&P 500 e-mini futures
Esc1 were down 0.21 percent and Nasdaq 100 e-mini futures
NQc1 were down 0.25 percent.
TOP STORIES
The oil price rout and related Canadian dollar slide that is
ravaging the country's economy is starting to take its toll on
corporate profits, from rail and retail to seemingly unrelated
sectors like telecoms.
Canada's northern oil hub Fort McMurray is learning the hard
way that there is no such thing as simply going back to normal
after a long boom that got cut short by the collapse in crude
prices.
Gold futures GCc1 : $1,099.30; +0.19 pct GOL/
US crude CLc1 : $31.20; -3.08 pct O/R
Brent crude LCOc1 : $31.22; -2.98 pct O/R
LME 3-month copper CMCU3 : $4,466.50; +0.53 pct MET/L
ANALYST RESEARCH HIGHLIGHTS RCH/CA
AGT Food And Ingredients AGT.TO : Raymond James cuts rating
to "market perform" from "outperform"
Hydro One Ltd H.TO : National Bank Financial cuts rating to
"sector perform" from "outperform"
Canadian Pacific Railway CP.TO : Susquehanna raises target
price to C$129 from C$128
U.S. ECONOMIC DATA DUE ON MONDAY
1030 Dallas Fed Manufacturing Bus Index for Jan: Prior
-20.10
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$1.42)