Oct 31, (Reuters) - Futures for Canada's main stock index were higher on Wednesday as energy shares gained on the back of rising oil prices.
December futures on the S&P/TSX index SXFc1 were up 0.73 percent at 6:58 a.m. ET.
GDP and producer prices data are due at 08:30 a.m. ET
The Toronto Stock Exchange's S&P/TSX .GSPTSE closed up 172.75 points, or 1.17 percent, at 14,894.50 on Tuesday. Jones Industrial Average e-mini futures 1YMc1 were up 0.6 percent at 7:00 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.72 percent and Nasdaq 100 e-mini futures NQc1 were up 1.17 percent. .N
TOP STORIES TOP/CAN
Air Canada AC.TO , the country's biggest airline, reported a lower-than-expected quarterly profit on Wednesday, hurt by higher fuel costs. oil producer Cenovus Energy CVE.TO reported a loss for the third quarter, hurt by a fall in Canadian crude prices amid rising oil supplies. Point Capital Management, which focuses on in-depth research on vulnerabilities of companies, sees room for Dollarama Inc 's DOL.TO stock price to tumble roughly 40 percent after the Canadian retailer raised prices and fewer customers are shopping at its stores.
ANALYST RESEARCH HIGHLIGHTS RCH/CA
Altagas Ltd ALA.TO : Desjardins raises rating to buy from hold
CGI GIBa.TO : Desjardins raises rating to buy from hold
Marathon Gold Corp MOZ.TO : National Bank of Canada raises target price to C$2 from C$1.60
COMMODITIES AT 6:58 a.m. ET COM/WRAP
Gold futures GCc2 : $1219.3; fell 0.49 percent GOL/
US crude CLc1 : $66.45; rose 0.41 percent O/R
Brent crude LCOc1 : $76.3; rose 0.51 percent O/R
U.S. ECONOMIC DATA DUE ON WEDNESDAY
0815 ADP (NASDAQ:ADP) national employment for Oct: Expected 189,000; Prior 230,000
0830 Employment wages QQ for Q3: Prior 0.5 pct
0830 Employment benefits QQ for Q3: Prior 0.9 pct
0830 Employment costs for Q3: Expected 0.7 pct; Prior 0.6 pct
0945 Chicago PMI for Oct: Expected 60.0; Prior 60.4
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($1 = C$1.31)