Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

CANADA STOCKS-TSX futures point to lower open as oil hits seven-month lows

Published 2017-06-20, 07:34 a/m
Updated 2017-06-20, 07:40 a/m
© Reuters.  CANADA STOCKS-TSX futures point to lower open as oil hits seven-month lows

© Reuters. CANADA STOCKS-TSX futures point to lower open as oil hits seven-month lows

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

(Morning News Call newsletter http://share.thomsonreuters.com/assets/newsletters/Morning_News_Call/MNC_US.pdf ; The Day Ahead newsletter http://share.thomsonreuters.com/assets/newsletters/The_Day_Ahead/TDA_NAM.pdf)

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

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$1.32)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.