June 20 (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index on Tuesday as oil prices hit seven-month lows after news of increases in supply by several key oil producers including Nigeria and Libya.
September futures on the S&P TSX index SXFc1 were down 0.25 percent at 7:15 a.m. ET.
Canadian wholesale trade data for April is due at 8:30 a.m. ET ECONCA .
Canada's benchmark stock index rose on Monday, extending its recovery from a six-month low last week, as heavyweight financial shares rallied and after Hudson's Bay Co HBC.TO got a boost from an investor request that the company explore strategic options. Jones Industrial Average e-mini futures 1YMc1 were down 0.01 percent at 7:15 a.m. ET. S&P 500 e-mini futures ESc1 were down 0.01 percent and Nasdaq 100 e-mini futures NQc1 were up 0.22 percent. .N
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TOP STORIES TOP/CAN
Cenovus Energy Inc CVE.TO said on Tuesday it would sell $4 billion to $5 billion in non-core assets to reduce debt after it paid about C$17 billion last month to buy ConocoPhillips' COP.N western Canadian oil sands assets. Finance Minister Bill Morneau said on Monday he had discussed with his provincial counterparts whether more actions are needed to ensure the stability of the country's housing market. plane and train manufacturer Bombardier Inc BBDb.TO has signed a $1.14 billion contract to supply passenger trains to the two new operators of Britain's South Western rail franchise. RESEARCH HIGHLIGHTS RCH/CA
Air Canada AC.TO : CIBC raises target price to C$20.50 from C$19.50
Aimia Inc AIM.TO : Raymond James cuts price target to C$6 from C$7
Kinder Morgan (NYSE:KMI) Canada Ltd KML.TO : National Bank Of Canada starts with a "sector perform" rating; price target C$17
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCc2 : $1,246.4; -0.02 pct GOL/
US crude CLc1 : $43.33; -1.97 pct O/R
Brent crude LCOc1 : $46.30; -1.76 pct O/R
LME 3-month copper CMCU3 : $5,699.00; -0.44 pct MET/L
U.S. ECONOMIC DATA DUE ON TUESDAY
0830 Current account for Q1: Expected -128.8 bln; Prior -112.4 bln
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($1 = C$1.32)