May 13 (Reuters) - Stock futures pointed to a lower opening
for Canada's main stock index on Friday as a strengthening U.S.
dollar ended a three-day bull run in oil.
June futures on the S&P TSX index SXFc1 were down 0.25
percent at 7:15 a.m. ET.
Canada's main stock index ended flat on Thursday, with lower
commodity prices weighing on miners, offsetting gains for most
major banks and some energy companies trying to restart
production after a raging wildfire.
Dow Jones Industrial Average e-mini futures 1YMc1 were
down 0.32 percent at 7:15 a.m. ET, while S&P 500 e-mini futures
ESc1 were down 0.27 percent and Nasdaq 100 e-mini futures
NQc1 were down 0.28 percent. .N
No major Canadian economic releases are scheduled for the
day ECONCA .
(Morning News Call newsletter http://link.reuters.com/nex49s;
The Day Ahead newsletter http://link.reuters.com/mex49s)
TOP STORIES TOP/CAN
Canadian Prime Minister Justin Trudeau will on Friday see
the devastation caused by a wildfire that tore through the
Alberta town of Fort McMurray and forced several oil sands
operations to shut down.
Sirius XM Canada Holdings Inc XSR.TO said that Sirius XM
Holdings Inc SIRI.O , its biggest shareholder, along with other
shareholders would take the company private for about C$351
million ($273 million). AT 7:15 a.m. ET COM/WRAP
Gold futures GCc1 : $1,273.80; +0.28 pct GOL/
US crude CLc1 : $46.08; -1.33 pct O/R
Brent crude LCOc1 : $47.64; -0.92 pct O/R
LME 3-month copper CMCU3 : $4,634.00; +0.46 pct MET/L
ANALYST RESEARCH HIGHLIGHTS RCH/CA
Alamos Gold Inc AGI.TO : CIBC raises target price to C$9.50
from C$8
Bird Construction Inc BDT.TO : Canaccord Genuity raises
target price to C$13 from C$11; rating "hold"
Stantec STN.TO : Raymond James raises rating to
"outperform" from "market perform"
U.S. ECONOMIC DATA DUE ON FRIDAY
0830 PPI final demand yy for Apr: Expected 0.2 pct; Prior
-0.1 pct
0830 PPI final demand mm for Apr: Expected 0.3 pct; Prior
-0.1 pct
0830 PPI ex food/energy yy for Apr: Expected 1.0 pct; Prior
1.0 pct
0830 PPI ex food/energy mm for Apr: Expected 0.1 pct; Prior
-0.1 pct
0830 PPI ex food/energy/transport yy for Apr: Prior 0.9 pct
0830 PPI ex food/energy/transport mm for Apr: Prior 0.0 pct
0830 Retail sales mm for Apr: Expected 0.8 pct; Prior -0.4
pct
0830 Retail sales ex-autos mm for Apr: Expected 0.5 pct;
Prior 0.1 pct
0830 Retail ex gas/autos for Apr: Prior 0.1 pct
0830 Retail control for Apr: Expected 0.3 pct; Prior 0.1 pct
1000 Business inventories mm for Mar: Expected 0.2 pct;
Prior -0.1 pct
1000 U Mich Sentiment Preliminary for May: Expected 90;
Prior 89.0
1000 U Mich Conditions Preliminary for May: Expected 106.5;
Prior 106.7
1000 U Mich Expectations Preliminary for May: Expected 78.1;
Prior 77.6
1000 U Mich 1 year inflation preliminary: Prior 2.8 pct
1000 U Mich 5 year inflation preliminary: Prior 2.5 pct
1030 ECRI Weekly Index: Prior 135.7
1030 ECRI weekly annualized: Prior 5.4 pct
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$1.29)