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CANADA STOCKS- TSX futures rise as U.S. crude hits two-year high

Published 2017-11-24, 07:31 a/m
Updated 2017-11-24, 07:40 a/m
© Reuters.  CANADA STOCKS- TSX futures rise as U.S. crude hits two-year high

© Reuters. CANADA STOCKS- TSX futures rise as U.S. crude hits two-year high

Nov 24 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Friday as U.S. oil prices soared to a two-year high with North American markets tightening on the partial closure of the Keystone pipeline.

U.S. light crude CLc1 touched highs not seen since July 1, 2015 following the outage at the pipeline, which connects Canadian oilfields to the United States. O/R

December futures on the S&P TSX index SXFc1 were up 0.19 percent at 7:15 a.m. ET.

Canada's main stock index ended flat on Thursday, with materials and energy shares up with higher oil and base metals prices, while financial stocks weighed as retail sales data reinforced expectations the Bank of Canada is on hold until next year. Jones Industrial Average e-mini futures 1YMc1 were up 0.28 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.25 percent and Nasdaq 100 e-mini futures NQc1 were up 0.11 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

Canada's biggest securities regulator on Thursday ruled that Omega Securities could continue to run its two alternative trading systems ahead of a hearing on whether it is operating in breach of Ontario provincial law. Corp AA.N and the United Steelworkers have agreed to resume contract talks with a government-appointed conciliator, the union said on Thursday, averting a potential strike at the Becancour, Quebec aluminum smelter. United Steelworkers said on Thursday it reached a tentative agreement with Noranda Income Fund NIF_u.TO on a new labor deal for 371 striking workers at a zinc refinery in Salaberry-de-Valleyfield, Quebec. RESEARCH HIGHLIGHTS RCH/CA

Dollarama Inc DOL.TO : RBC raises price target to C$161 from C$143

COMMODITIES AT 7:15 a.m. ET COM/WRAP

Gold futures GCc2 : $1286.9; fell 0.41 percent GOL/

US crude CLc1 : $58.69; rose 1.15 percent O/R

Brent crude LCOc1 : $63.66; rose 0.17 percent O/R

LME 3-month copper CMCU3 : $7002; rose 0.56 percent MET/L

U.S. ECONOMIC DATA DUE ON FRIDAY

0945 Markit Composite Flash PMI for Nov: Prior 55.2

0945 Markit Manufacturing PMI Flash for Nov: Expected 54.8; Prior 54.6

0945 Markit Services PMI Flash for Nov: Prior 55.3

1030 ECRI Weekly Index: Prior 145.5

1030 ECRI weekly annualized: Prior 2.6 pct

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$1.27)

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