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CANADA STOCKS-Futures gain as oil prices steady

Published 2017-08-08, 07:34 a/m
© Reuters.  CANADA STOCKS-Futures gain as oil prices steady
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Aug 8 (Reuters) - Futures pointed to a higher opening for Canada's main stock index on Tuesday as oil prices steadied after news of lower crude supplies from Saudi Arabia.

September futures on the S&P TSX index SXFc1 were up 0.21 percent at 7:15 a.m. ET.

Canada's main stock index rose on Friday to extend this week's gains, helped by higher oil prices, which boosted energy shares, and a lift to bond yields after data showed stronger-than-expected jobs growth in the United States. Jones Industrial Average e-mini futures 1YMc1 were down 0.04 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.09 percent and Nasdaq 100 e-mini futures NQc1 were down 0.06 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 Valeant Pharmaceuticals International Inc (NYSE:VRX) VRX.N VRX.TO reported a 7.8 percent fall in quarterly revenue, hurt by declines in volume and pricing of its generic and neurology products. attorney representing opponents of TransCanada Corp 's TRP.TO proposed Keystone XL pipeline grilled the company's representatives during hearings in Nebraska on Monday, in proceedings that mark the last big hurdle for the long-delayed project. environmental and aboriginal groups said they will push ahead with a lawsuit seeking to scrap an environmental permit granted to Malaysia's Petronas for a liquefied natural gas facility in British Columbia, despite the oil and gas firm's announcement last month that it was scrapping the project. RESEARCH HIGHLIGHTS RCH/CA

Black Diamond Group Ltd BDI.TO : CIBC cuts price target to C$1.75 from C$2.75

Element Fleet Management EFN.TO : National Bank of Canada cuts target to C$11.50

Medical Facilities Corp DR.TO : Canaccord Genuity cuts price target to C$14.50 from C$17

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

Gold futures GCc1 : $1264.1; +0.47 percent GOL/

US crude CLc1 : $49.54; +0.3 percent O/R

Brent crude LCOc1 : $52.42; +0.1 percent O/R

LME 3-month copper CMCU3 : $6400; -0.22 percent MET/L

U.S. ECONOMIC DATA DUE ON TUESDAY

1000 JOLTS job openings for Jun: Expected 5.775 mln; Prior 5.666 mln

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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