March 22 (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index on Wednesday on growing doubts whether U.S. President Donald Trump will be able to deliver on promised tax cuts.
Investors see the Trump administration's struggles to push through the healthcare overhaul as a sign he may also face setbacks delivering promised corporate tax cuts.
Adding to pressure, oil prices slipped after data showed U.S. crude inventories rising faster than expected. O/R
June futures on the S&P TSX index SXFc1 were down 0.15 percent at 7:10 a.m. ET.
No economic indicators are scheduled for release.
Canada's benchmark stock index fell on Tuesday, with heavyweight financial stocks following Wall Street banks lower as investors fretted about U.S. President Donald Trump's ability to boost growth and energy stocks weighing with lower oil prices. Jones Industrial Average e-mini futures 1YMc1 were down 0.19 percent at 7:10 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.07 percent and Nasdaq 100 e-mini futures NQc1 were down 0.06 percent. .N
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TOP STORIES TOP/CAN
Amaya Inc AYA.TO , the owner of online gambling sites PokerStars and Full Tilt, reported a fourth-quarter profit, compared with a year-ago loss, as it added more customers and cut costs. Canadian court has placed Lexin Resources Ltd, a privately held oil company, in receivership to sell off its assets after an unprecedented application by the Alberta Energy Regulator (AER), the agency said. oilfield services provider Trican Well Service Ltd TCW.TO said it would buy smaller rival Canyon Services Group Inc FRC.TO in a deal valued at about C$637 million, including debt.
ANALYST RESEARCH HIGHLIGHTS RCH/CA
BCE Inc BCE.TO : Barclays (LON:BARC) reinstates coverage with "overweight" rating
First Quantum Minerals Ltd FM.TO : Berenberg raises rating to "hold" from "sell"
Dream Global : NBF resumes coverage with "outperform" rating
Teck Resources Ltd TECKb.TO : Berenberg raises rating to "buy" from "hold"
COMMODITIES AT 7:10 a.m. ET COM/WRAP
Gold futures GCc2 : $1,245.1; -0.11 pct GOL/
US crude CLc1 : $47.57; -1.39 pct O/R
Brent crude LCOc1 : $50.22; -1.45 pct O/R
LME 3-month copper CMCU3 : $5,734.50; -0.72 pct MET/L
U.S. ECONOMIC DATA DUE ON WEDNESDAY
09:00 Monthly home price mm for Jan: Prior 0.4 pct
09:00 Monthly home price yy for Jan: Prior 6.2 pct
09:00 Monthly Home Price Index for Jan: Prior 242.6
10:00 Existing home sales for Feb: Expected 5.57 mln; Prior 5.69 mln
10:00 Existing home sales percentage change for Feb: Expected -2.0 pct; Prior 3.3 pct
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Canadian dollar and bonds report CAD/ CA/
Reuters global stocks poll for Canada EQUITYPOLL1 EPOLL/CA
Canadian markets directory CANADA ($1= C$1.34)