March 27 (Reuters) - Futures for Canada's main stock index traded lower on Wednesday, as oil prices fell after a report showed an unexpected increase in U.S. crude inventories.
The American Petroleum Institute said late on Tuesday that U.S. crude inventories rose 1.9 million barrels in the latest week, while analysts had forecast a fall of 1.2 million barrels. will focus on the U.S. Department of Energy's weekly crude inventory data, which is expected to release later in the day.
June futures on the S&P/TSX index SXFc1 were down 0.27 percent at 7:00 a.m. ET.
Canada's trade data is due at 8:30 a.m. ET.
The Toronto Stock Exchange's S&P/TSX .GSPTSE rose 89.30 points, or 0.56 percent, to 16,155.16. Jones Industrial Average e-mini futures 1YMc1 were down 0.32 percent at 7:00 a.m. ET, while S&P 500 e-mini futures ESc1 edged down 0.24 percent and Nasdaq 100 e-mini futures NQc1 were down 0.14 percent. .N
TOP STORIES TOP/CAN
Canadian crude producer Imperial Oil IMO.TO has recently resumed shipping crude oil by rail from its terminal in Edmonton, Alberta, because of a marginal improvement in rail economics, a company spokesman said. RESEARCH HIGHLIGHTS RCH/CA
Cronos Group Inc CRON.TO : Canaccord Genuity cuts rating to sell from hold
Gildan Activewear Inc GIL.TO : National Bank of Canada raises price target to C$48 from C$47
Emera Inc EMA.TO : RBC raises price target to C$56 from C$53
COMMODITIES AT 7:00 a.m. ET COM/WRAP
Gold futures GCc2 : $1,317.8; +0.21 percent GOL/
US crude CLc1 : $59.53; -0.68 percent O/R
Brent crude LCOc1 : $67.84; -0.19 percent O/R
U.S. ECONOMIC DATA DUE ON WEDNESDAY
0830 International trade for Jan: Expected -$57.0 bln; Prior -$59.8 bln
1100 Current account for Q4: Expected -130.0 bln; Prior -$124.8 bln
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Canadian markets directory CANADA ($1= C$1.34)