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CANADA STOCKS-TSX futures fall as oil drops, COVID-19 cases surge

Published 2020-12-08, 07:18 a/m
© Reuters.

Dec 8 (Reuters) - Futures for Canada's main stock index fell on Tuesday, dragged by lower oil prices, as surging coronavirus cases across United States and Europe spurred talks of tightening restrictions to curb the spread.

Brent crude futures LCOc1 and West Texas Intermediate crude CLc1 fell about 0.7%, as a sharp spike in infections led to a string of renewed lockdowns, including strict measures in the U.S. state of California as well as Germany and South Korea.

December futures on the S&P/TSX index SXFc1 were down 0.61% at 7:00 a.m. ET.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE ended 0.24% higher at 17,562.87 on Monday.

Dow Jones Industrial Average e-mini futures 1YMc1 were down 0.48% at 7:00 a.m. ET. S&P 500 e-mini futures ESc1 were down 0.55% and Nasdaq 100 e-mini futures NQc1 were down 0.37%.

TOP STORIES TOP/CAN

Canada will start receiving its first doses of Pfizer Inc (NYSE:PFE)'s PFE.N COVID-19 vaccine before the end of December, sooner than expected, with millions more to follow in early 2021, officials said on Monday. RESEARCH HIGHLIGHTS RCH/CA

Acuityads Holdings Inc AT.TO : Canaccord Genuity raises PT to C$9.50 from C$7.50

Teck Resources Ltd TECKb.TO : Citigroup (NYSE:C) raises price target to C$26 from C$19

First Quantum Minerals Ltd FM.TO : Citigroup raises price target to C$27 from C$17

COMMODITIES AT 7:00 a.m. ET

Gold futures GCc2 : $1863.6; +0.02% GOL/

US crude CLc1 : $45.4; -0.79% O/R

Brent crude LCOc1 : $48.46; -0.68% O/R

U.S. ECONOMIC DATA DUE ON TUESDAY

0830 Labor costs revised for Q3: Expected -8.9%; Prior -8.9%

0830 Productivity revised for Q3: Expected 4.9%; Prior 4.9%

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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