June 22 (Reuters) - Stock futures pointed to a higher
opening for Canada's main stock index on Wednesday as oil rose
further above $50 a barrel after an industry report showed a
large drop in U.S. crude inventories.
September futures on the S&P TSX index SXFc1 were up 0.20
percent at 7:15 a.m. ET.
Retail sales data is due at 8:30 a.m. ET.
Canada's main stocks edged lower on Tuesday as losses for
gold ahead of a vote by Britain on its European Union membership
weighed on mining stocks, offsetting gains for financial and
energy stocks.
Dow Jones Industrial Average e-mini futures 1YMc1 were up
0.16 percent at 7:15 a.m. ET, while S&P 500 e-mini futures
ESc1 were up 0.16 percent and Nasdaq 100 e-mini futures NQc1
were up 0.23 percent.
TOP STORIES
Encana Corp ECA.TO said on Tuesday it reached an agreement
to sell its Gordondale oil and gas assets in northwestern
Alberta to Birchcliff Energy Ltd BIR.TO for C$625 million
AT 7:15 a.m. ET
Gold futures GCc1 : $1,265.70; -0.38 pct GOL/
US crude CLc1 : $50.21; +0.70 pct O/R
Brent crude LCOc1 : $50.86; +0.43 pct O/R
LME 3-month copper CMCU3 : $4,715.50; +0.92 pct MET/L
ANALYST RESEARCH HIGHLIGHTS
Canadian Pacific Railway CP.TO : Raymond James raises
ratings to "strong buy" from "outperform"
Goldcorp Inc G.TO : Desjardins raises ratings to "buy" from
"hold"
Mag Silver Corp MAG.T0 : Desjardins raises target price to
C$17 from C$14
U.S. ECONOMIC DATA DUE ON WEDNESDAY
0900 Monthly home price mm for Apr: Prior 0.7 pct
0900 Monthly home price yy for Apr: Prior 6.1 pct
0900 Monthly Home Price Index for Apr: Prior 233.1
1000 Existing home sales for May: Expected 5.54 mln; Prior
5.45 mln
1000 Existing home sales percentage change for May: Expected
1.1 pct; Prior 1.7 pct
($1= C$1.28)