April 27 (Reuters) - Stock futures pointed to a higher
opening for Canada's main stock index on Wednesday as oil prices
touched their highest levels in 2016, driven by a falling dollar
and evidence of declining U.S. supply.
June futures on the S&P TSX index SXFc1 were up 0.01
percent at 7:15 a.m. ET.
No major economic events are scheduled for the day. ECONCA
Canada's benchmark stock index edged higher on Tuesday as a
jump in oil prices supported energy stocks, while the materials
group also advanced, offsetting deep losses for one of the
country's major railway stocks.
Dow Jones Industrial Average e-mini futures 1YMc1 were
down 0.27 percent at 7:15 a.m. ET, while S&P 500 e-mini futures
ESc1 were down 0.31 percent and Nasdaq 100 e-mini futures
NQc1 were down 1.14 percent.
TOP STORIES
Outgoing Valeant Pharmaceuticals (NYSE:VRX) VRX.TO Chief Executive
Michael Pearson (LON:PSON) plans to tell a U.S. Senate panel on Wednesday
that he regrets his decision to acquire and jack up the price of
two life-saving heart drugs.
Canadian plane and train maker Bombardier Inc BBDb.TO said
on Tuesday it will be moving forward its first-quarter results
by a day to Thursday, in a surprise announcement that only
served to elevate market expectations of a big CSeries order
this week.
Canadian oil producer Cenovus Energy Inc CVE.TO CVE.N
reported a smaller quarterly loss, helped by foreign exchange
gains, and said it would cut its 2016 capital budget to help
cope with a prolonged slump in oil prices. AT 7:15 a.m. ET COM/WRAP
Gold futures GCc1 : $1,242.20; 0.00 pct GOL/
US crude CLc1 : $44.96; +2.09 pct O/R
Brent crude LCOc1 : $46.74; +2.21 pct O/R
LME 3-month copper CMCU3 : $4,933.50; -0.57 pct MET/L
ANALYST RESEARCH HIGHLIGHTS
Teck Resources Ltd TCKb.TO : NBF raises to sector perform
from underperform
Husky Energy HSE.TO : Barclays (LON:BARC) cuts target price to C$21
from C$22; rating overweight
Sun Life Financial Inc SLF.TO : CIBC raises target price to
C$47 from C$44
U.S. ECONOMIC DATA DUE ON WEDNESDAY
0830 Advanced goods trade balance for Mar: Prior -62.86 bln
1000 Pending Homes Index for Mar: Prior 109.1
1000 Pending sales change mm for Mar: Expected 0.5 pct;
Prior 3.5 pct
1400 Fed funds target rate: Expected 0.375 pct
($1 = C$1.26)