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CANADA STOCKS-Futures little changed as investors weigh oil price moves

Published 2018-06-07, 07:33 a/m
CANADA STOCKS-Futures little changed as investors weigh oil price moves
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June 7 (Reuters) - Stock futures for Canada's main stock index were little changed on Thursday as gains in oil prices on concerns of a drop in Venezuelan exports were kept in check by surging production from the United States.

The Latin American nation is nearly a month behind on delivering crude to customers from its main oil export terminals, according to shipping data. futures on the S&P/TSX index SXFc1 were up 0.07 percent at 7:15 a.m. ET.

The Toronto Stock Exchange's S&P/TSX .GSPTSE rose 61.68 points, or 0.38 percent, to 16,183.93 points, on Wednesday. Jones Industrial Average e-mini futures 1YMc1 were up 0.29 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.12 percent and Nasdaq 100 e-mini futures NQc1 were flat. .N

TOP STORIES TOP/CAN

Dollar-store chain Dollarama Inc DOL.TO reported a 7.3 percent rise in quarterly profit as customers spent more at its stores during the Easter holiday. Pacific Railway Ltd CP.TO conductors and locomotive engineers will get a 9 percent salary hike over four years as part of a tentative agreement reached last week with the Teamsters, spokesmen from both the union and CP said on Wednesday. RESEARCH HIGHLIGHTS RCH/CA

Alamos Gold Inc AGI.TO : Desjardins raises to buy from hold

IAMGOLD Corp IMG.TO : Desjardins cuts to hold from buy

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

Gold futures GCcv1 : $1303; rose 0.12 percent GOL/

US crude CLc1 : $65.32; rose 0.91 percent O/R

Brent crude LCOc1 : $76.48; rose 1.49 percent O/R

LME 3-month copper CMCU3 : $7269; rose 0.68 percent MET/L

U.S. ECONOMIC DATA DUE ON THURSDAY

0830 Initial jobless claims: Expected 225,000; Prior 221,000

0830 Jobless claims 4-week average: Prior 222,250

0830 Continued jobless claims: Expected 1.738 mln; Prior

1.726 mln

1500 Consumer credit for Apr: Expected $13.75 bln; Prior $11.62 bln

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$1.3)

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