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CANADA STOCKS-TSX set to open lower as oil rally fades

Published 2016-02-23, 07:34 a/m
Updated 2016-02-23, 07:40 a/m
© Reuters.  CANADA STOCKS-TSX set to open lower as oil rally fades

© Reuters. CANADA STOCKS-TSX set to open lower as oil rally fades

Feb 23 (Reuters) - Stock futures pointed to a lower opening
for Canada's main stock index on Tuesday as a rally in oil
prices fizzled over doubts a potential production freeze will
have any impact on a supply glut.
March futures on the S&P TSX index SXFc1 were down 0.2
percent at 7:15 a.m. ET.
Canadian stocks rose on Monday as energy shares rallied on a
jump in oil prices, although gains were pared as the healthcare
sector slumped and bank stocks reversed course ahead of
quarterly earnings this week.
Dow Jones Industrial Average e-mini futures 1YMc1 were up
0.02 percent at 7:15 a.m. ET. S&P 500 e-mini futures Esc1 were
down 0.06 percent and Nasdaq 100 e-mini futures NQc1 were down
0.19 percent.
No major Canadian economic releases are scheduled for the
day.

TOP STORIES
Bank of Montreal BMO.TO posted a higher quarterly profit,
lifted by growth in its U.S. personal and commercial banking
business.
Bank of Nova Scotia BNS.TO has approached a unit of Bank
of China 601988.SS , Maybank MBBM.KL and two Japanese banks
to gauge their interest in its $1.7 billion stake in Thai lender
Thanachart, people familiar with the matter said.
Brookfield Asset Management Inc BAMa.TO and its Australian
rival, Qube Holdings Ltd QUB.AX are weighing a joint A$9
billion ($6.5 billion) bid for Asciano Ltd AIO.AX , Australia's
biggest rail and port operator.

AT 7:15 a.m. ET Gold futures GCc1 : $1,216.50; +0.58 pct
US crude CLc1 : $33.27; -0.33 pct
Brent crude LCOc1 : $35.05; +1.04 pct
LME 3-month copper CMCU3 : $4,664.00; -0.64 pct

ANALYST RESEARCH HIGHLIGHTS
Endeavour Silver Corp EDR.TO : CIBC cuts rating to "sector
underperformer"
Great Panther Silver Ltd GPR.TO : Euro Pacific cuts rating
to "neutral" from "buy"
Primero Mining Corp P.TO : CIBC cuts rating to "sector
performer"

U.S. ECONOMIC DATA DUE ON TUESDAY
0855 Redbook mm: Prior -2.5 pct
0855 Redbook yy: Prior 0.9 pct
0900 CaseShiller 20 mm sa for Dec: Expected 0.9 pct; Prior
0.9 pct
0900 CaseShiller 20 mm nsa for Dec: Expected 0.1 pct; Prior
0.1 pct
0900 CaseShiller 20 yy for Dec: Expected 5.8 pct; Prior 5.8
pct
1000 Consumer confidence for Feb: Expected 97.0; Prior 98.1
1000 Existing home sales for Jan: Expected 5.32 mln; Prior
5.46 mln
1000 Existing home sales % change for Jan: Expected -2.9
pct; Prior 14.7 pct
1000 Rich Fed composite index for Feb: Prior 2
1000 Rich Fed, services index for Feb: Prior 10
1000 Rich Fed manufacturing shipments for Feb: Prior -6


($1= C$1.37)

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