Jan 14 (Reuters) - Futures for Canada's main stock index fell on Monday, as oil prices slipped on prospects of slowdown in fuel demand after China, the world's second largest oil consumer, reported a surprisingly weak trade data for December.
China's exports fell the most in two years in December, while imports also contracted, pointing to further weakness in the world's second-largest economy in 2019 and deteriorating global demand. futures on the S&P/TSX index SXFc1 were down 0.31 percent at 7:00 a.m. ET.
The Toronto Stock Exchange's S&P/TSX .GSPTSE closed up 35.69 points, or 0.24 percent, at 14,939.18 on Friday. Jones Industrial Average e-mini futures 1YMc1 were down 0.85 percent at 7:00 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.88 percent and Nasdaq 100 e-mini futures NQc1 were down 1.13 percent. .N
TOP STORIES TOP/CAN
Canadian athletic apparel maker Lululemon Athletica Inc LULU.O on Monday raised its fourth-quarter profit and revenue forecasts, driven by strong sales during the holiday season. Mining Corp NEM.N said it would buy smaller rival Goldcorp Inc G.TO , GG.N in a deal valued at $10 billion, creating the world's biggest gold producer by output. RESEARCH HIGHLIGHTS RCH/CA
Cogeco Communications Inc CCA.TO : Barclays (LON:BARC) raises target price to C$73 from C$70
Titan Mining TI.TO : National Bank of Canada cuts rating to sector perform from outperform
West Fraser Timber Co Ltd WFT.TO : CIBC cuts rating to neutral from outperformer
COMMODITIES AT 7:00 a.m. ET COM/WRAP
Gold futures GCcv1 : $1295.5; +0.47 percent GOL/
US crude CLc1 : $51.04; -1.07 percent O/R
Brent crude LCOc1 : $59.92; -0.93 percent O/R
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