July 4 (Reuters) - Futures pointed to a higher opening for Canada's main stock index on Wednesday as Brent oil prices made gains following a second successive weekly decline in U.S. crude inventories.
The drop was caused by an outage at Syncrude Canada's oil sands facility near Fort McMurray, Alberta, which supplies to the U.S. The outage is expected to last through July. futures on the S&P/TSX index SXFc1 were up 0.56 percent at 7:15 a.m. ET.
The Toronto Stock Exchange's S&P/TSX .GSPTSE fell 14.57 points, or 0.09 percent, to 16,263.16 on Tuesday. markets are closed for Fourth of July holiday.
TOP STORIES TOP/CAN
Kinder Morgan (NYSE:KMI) Canada Ltd KML.TO said in a filing on Tuesday it is restarting construction in August on the Trans Mountain pipeline's expansion after halting work in the spring due to opposition from environmentalists and other groups as Canada prepares to buy the project in a bid to boost the country's oil exports. newly elected Ontario government announced on Tuesday it would end the province's cap-and-trade program, a policy designed to reduce greenhouse gas emissions, fulfilling one of Premier Doug Ford's election promises. RESEARCH HIGHLIGHTS RCH/CA
Innergex Renewable Energy Inc INE.TO : National Bank Of Canada raises price target to C$19 from C$18
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCcv1 : $1256.3; rose 0.22 percent GOL/
US crude CLc1 : $73.79; fell 0.47 percent O/R
Brent crude LCOc1 : $78.07; rose 0.4 percent O/R
LME 3-month copper CMCU3 : $6458; fell 0.51 percent MET/L
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