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CANADA STOCKS-Futures down as weak oil drags down energy shares

Published 2018-10-17, 07:46 a/m
Updated 2018-10-17, 07:50 a/m
CANADA STOCKS-Futures down as weak oil drags down energy shares

CANADA STOCKS-Futures down as weak oil drags down energy shares

Oct 16 (Reuters) - Futures for Canada's main stock index edged down on Wednesday as lower oil prices pushed down energy shares.

However, oil prices were stable in early trading after industry data showed a surprise decline in U.S. crude inventories and tension over the disappearance of a prominent Saudi journalist stoked supply worries. O/R

December futures on the S&P/TSX index SXFc1 were marginally down 0.16 percent at 7:04 a.m. ET.

Factory sales data for August is due at 8:30 a.m. ET

The Toronto Stock Exchange's S&P/TSX .GSPTSE closed up 170.27 points, or 1.10 percent, to 15,579.74 on Tuesday. Jones Industrial Average e-mini futures 1YMc1 were down 0.22 percent at 7:04 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.23 percent and Nasdaq 100 e-mini futures NQc1 were down 0.23 percent. .N

TOP STORIES TOP/CAN

Canada became the first industrialised nation to legalise recreational cannabis on Wednesday but a legal buzz will be hard to come by in its biggest cities as some, including Toronto and Vancouver, will have no stores open. RESEARCH HIGHLIGHTS RCH/CA

Cargojet Inc CJT.TO : CIBC raises price target to C$90 from C$70

Endeavour Mining Corp EDV.TO : Berenberg cuts price target to C$22.55 from C$28.33

Westjet Airlines Ltd WJA.TO : CIBC cuts price target to C$16 from C$17

COMMODITIES AT 7:05 a.m. ET COM/WRAP

Gold futures GCcv1 : $1225.6; fell 0.23 percent GOL/

US crude CLc1 : $71.57; fell 0.49 percent O/R

Brent crude LCOc1 : $81.22; fell 0.23 percent O/R

U.S. ECONOMIC DATA DUE ON WEDNESDAY

0830 Building permits: number for Sept: Expected 1.278 mln; Prior 1.249 mln

0830 Build permits: change mm for Sept: Prior -4.1 pct

0830 Housing starts number for Sept: Expected 1.220 mln; Prior 1.282 mln

0830 House starts mm change for Sept: Prior 9.2 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$1.30)

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