May 15 (Reuters) - Stock futures for Canada's main stock index were higher on Monday, helped by a bounce in oil prices following top producers Saudi Arabia and Russia's comment on the extension of a supply cut.
Oil hit a three-week high above $52 a barrel after Saudi Arabia and Russia said an output cut needed to be extended until March 2018 to rein in a global crude glut. futures on the S&P TSX index SXFc1 were up 0.16 percent at 7:15 a.m. ET.
No economic data is scheduled for release. ECONCA
Canada's main stock index closed marginally lower on Friday, weighed by alternative lender Home Capital Group Inc HCG.TO after it acknowledged uncertainty about its ability to continue as a going concern, while natural resource stocks lent support. Jones Industrial Average e-mini futures 1YMc1 were up 0.17 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.1 percent and Nasdaq 100 e-mini futures NQc1 were down 0.02 percent. .N
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TOP STORIES TOP/CAN
SNC-Lavalin SNC.TO will not raise its offer for British engineering and construction firm WS Atkins ATKW.L unless it faces a rival bid for the British firm, the Canadian construction and engineering group said on Monday. Capital Group Inc's HCG.TO problems are contained but the sharp gains in Canadian home prices and their possible impact on the financial system are a primary concern for the Bank of Canada, Governor Stephen Poloz said in an interview with the Globe and Mail newspaper. producer Eldorado Gold Corp ELD.TO has agreed to buy the remaining shares of Integra Gold Corp ICG.V , to expand its mining opportunities in the Eastern Abitibi region of Canada. RESEARCH HIGHLIGHTS RCH/CA
Amaya Inc AYA.TO : Canaccord Genuity raises price target to C$31 from C$29
Onex Corp ONEX.TO : Canaccord Genuity raises price target to C$111 from C$108
Valener VNR.TO : National Bank Of Canada raises target to C$23 from C$22
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCc2 : $1,231.4; +0.3 pct GOL/
US crude CLc1 : $49.26; +2.95 pct O/R
Brent crude LCOc1 : $52.29; +2.85 pct O/R
LME 3-month copper CMCU3 : $5,621.00; +1.11 pct MET/L
U.S. ECONOMIC DATA DUE ON MONDAY
08:30 NY Fed Manufacturing for May: Expected 7.00; Prior 5.20
10:00 NAHB Housing Market Index for May: Expected 68; Prior 68
16:00 Net L-T flows,exswaps for Mar: Prior 53.4 bln
16:00 Foreign buying, T-bonds for Mar: Prior -13.5 bln
16:00 Overall net capital flow for Mar: Prior 19.3 bln
16:00 Net L-T flows,including swaps for Mar: Prior 14.8 bln
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Canadian markets directory CANADA ($1= C$1.36)