May 10 (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index on Wednesday as investors awaited a fresh batch of corporate earnings.
Linamar Corp, Sunopta Inc and Gluskin Sheff + Associates are some of the companies scheduled to report quarterly results later in the day.
June futures on the S&P TSX index SXFc1 were down 0.14 percent at 7:15 a.m. ET.
Canada's main stock index fell on Tuesday as banks, oil and gas companies pulled the market lower, but losses were modestly tempered by Valeant Pharmaceuticals (NYSE:VRX) International VRX.TO and Home Capital Group Inc HCG.TO stocks, which soared as investors cheered news from the companies. major Canadian economic releases are scheduled for the day ECONCA .
Dow Jones Industrial Average e-mini futures 1YMc1 were down 0.25 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.18 percent and Nasdaq 100 e-mini futures NQc1 were down 0.07 percent. .N
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TOP STORIES TOP/CAN
Bombardier Inc BBDb.TO faced fresh pension fund opposition to the re-election of its executive chairman and the Quebec government said the plane and train maker should listen to the growing number of institutional shareholders citing governance concerns. Sun Life Financial Inc SLF.TO , SLF.N reported a smaller-than-expected profit on Tuesday, hurt by weak growth in its U.S market. Public Sector Pension Investment Board, one of Canada's largest pension investment managers, said on Wednesday it planned to expand its London operations, hiring staff and boosting investments. RESEARCH HIGHLIGHTS RCH/CA
CCL Industries Inc CCLb.TO : CIBC raises target price to C$340 from C$320
Sun Life Financial SLF.TO :National Bank of Canada cuts price target to C$52; rating "outperform"
Western Forest Products Inc WEF.TO : CIBC raises price target to C$2.50 from C$2.25
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCc1 : $1220; +0.47 percent GOL/
US crude CLc1 : $46.41; +1.16 percent O/R
Brent crude LCOc1 : $49.25; +1.07 percent O/R
LME 3-month copper CMCU3 : $5513; +0.02 percent MET/L
U.S. ECONOMIC DATA DUE ON WEDNESDAY
08:30 Import prices mm for Apr: Expected 0.2 pct; Prior -0.2 pct
08:30 Export prices mm for Apr: Expected 0.1 pct; Prior 0.2 pct
11:00 TR IPSOS PCSI for May: Prior 60.47
14:00 Federal budget for Apr: Expected -$175.8 bln; Prior -$176.0 bln
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Canadian markets directory CANADA ($1= C$1.37)