Jan 17 (Reuters) - Stock futures for Canada's main stock index traded lower on Thursday pressured by a fall in oil prices, as U.S. crude production neared a record 12 million barrels per day in early January.
March futures on the S&P/TSX index SXFc1 were down 0.27 percent at 7:00 a.m. ET.
The Toronto Stock Exchange's S&P/TSX .GSPTSE closed up 64.98 points, or 0.43 percent, at 15,111.26 on Wednesday. Jones Industrial Average e-mini futures 1YMc1 were down 0.28 percent at 7:00 a.m. ET, S&P 500 e-mini futures ESc1 0.32 percent and Nasdaq 100 e-mini futures NQc1 0.36 percent. .N
TOP STORIES TOP/CAN
Husky Energy Inc HSE.TO said it will not extend its hostile bid for MEG Energy MEG.TO after failing to get sufficient support from the rival oil producer's board and shareholders. Morgan Canada Ltd KML.TO said on Wednesday its quarterly profit from continuing operations more than doubled as the company benefited from strong performance in its pipeline and terminal business. Inc BBDb.TO aims to make a decision this year on the future of its CRJ regional jet as it "aggressively" pursues new orders to secure its industrial future, the Canadian planemaker's chief executive officer said on Wednesday. RESEARCH HIGHLIGHTS RCH/CA
Iamgold Corp IMG.TO : Canaccord Genuity cuts price target to C$8.5 from C$9.0
Park Lawn Corp PLC.TO : National Bank of Canada cuts price target to C$30 from C$32
COMMODITIES AT 7:00 a.m. ET COM/WRAP
Gold futures GCcv1 : $1293.4; -0.03 percent GOL/
US crude CLc1 : $51.53; -1.49 percent O/R
Brent crude LCOc1 : $60.55; -1.26 percent O/R
U.S. ECONOMIC DATA DUE ON THURSDAY
0830 Initial jobless claims: Expected 220,000; Prior 216,000
0830 Jobless claims 4-week average: Prior 221,750
0830 Continued jobless claims: Expected 1.735 mln; Prior 1.722 mln
0830 Philly Fed Business Index for Jan: Expected 10; Prior 9.4
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