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CANADA STOCKS-Futures gain on higher oil prices

Published 2017-11-21, 07:43 a/m
Updated 2017-11-21, 07:50 a/m
© Reuters.  CANADA STOCKS-Futures gain on higher oil prices

Nov 21 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Tuesday as oil prices rose with traders looking forward to next week's OPEC meeting when major exporters are expected to extend production cuts.

December futures on the S&P TSX index SXFc1 were up 0.3 percent at 7:15 a.m. ET.

Wholesale trade data for September is due at 8:30 a.m. ET. ECONCA

Canada's benchmark stock index edged up to a one-week high on Monday as financial and consumer discretionary shares gained ground, while energy and mining stocks were pressured by lower commodity prices. Jones Industrial Average e-mini futures 1YMc1 were up 0.32 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.28 percent and Nasdaq 100 e-mini futures NQc1 were up 0.35 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

Bombardier Inc BBDb.TO said on Monday it priced $1 billion worth of seven-year bonds at par with a final yield of 7.5 percent per year, underscoring strong demand for the deal partly slated to retire debt maturing in 2019. company Concordia CXR.TO overcharged Britain's health service millions of pounds for an essential thyroid drug by abusing its position as the only supplier, the country's Competition and Markets Authority said on Tuesday. Corp TRP.TO has started initial excavation work at the site of an oil spill on its Keystone pipeline in South Dakota but has not yet pinpointed where the leak came from, a state official said on Monday. RESEARCH HIGHLIGHTS RCH/CA

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Bombardier BBDb.TO : JP Morgan raises rating to "overweight" from "neutral"

Alimentation Couche-Tard ATDb.TO : National Bank of Canada raises target price to C$75

TransCanada Corp TRP.TO : CIBC raises price target to C$75 from C$70

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

Gold futures GCc2 : $1,277.90; +0.19 pct GOL/

US crude CLc1 : $56.56; rose 0.25 percent O/R

Brent crude LCOc1 : $62.39; rose 0.27 percent O/R

LME 3-month copper CMCU3 : $6864; rose 0.53 percent MET/L

U.S. ECONOMIC DATA DUE ON TUESDAY

0830 National Activity Index for Oct: Prior 0.17

1000 Existing home sales for Oct: Expected 5.42 mln; Prior 5.39 mln

1000 Existing home sales percentage change for Oct: Expected 0.7 pct; Prior 0.7 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$1.28)

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