Aug 14 (Reuters) - Canada's main stock index's futures fell on Friday, as oil prices weakened following uncertainty around its demand recovery due to the COVID-19 pandemic.
Two prominent forecasters, the International Energy Agency and the Organization of the Petroleum Exporting Countries, trimmed their 2020 oil demand forecasts this week. futures on the S&P/TSX index SXFc1 were down 0.68% at 7:00 a.m. ET.
Data for Canada's manufacturing sales for June is due at 8:30 a.m. ET
On Thursday, the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE ended 0.27% lower at 16,530.06
Dow Jones Industrial Average e-mini futures 1YMc1 were down 0.48% at 7:00 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.27% and Nasdaq 100 e-mini futures NQc1 were up 0.13%. .N
ANALYST RESEARCH HIGHLIGHTS RCH/CA
Goeasy Ltd GSY.TO : BMO raises price target to C$71 from C$65
Bellus Health Inc BLU.TO : H.C. Wainwright cuts price target to $10 from $28
Exchange Income Corp EIF.TO : CIBC raises target price to C$35.5 from C$30
COMMODITIES AT 7:00 a.m. ET
Gold futures GCc2 : $1,127.7; -+1.0% GOL/
US crude CLc1 : $46.39; -+0.64% O/R
Brent crude LCOc1 : $49.85; -+0.6% O/R
U.S. ECONOMIC DATA DUE ON FRIDAY
0830 Labor costs preliminary for Q2: Expected 6.2%; Prior 5.1%
0830 Productivity preliminary for Q2: Expected 1.5%; Prior -0.9%
0830 Retail sales ex-autos mm for Jul: Expected 1.3%; Prior 7.3%
0830 Retail sales mm for Jul: Expected 1.9%; Prior 7.5%
0830 Retail ex gas/autos for Jul: Prior 6.7%
0830 Retail control for Jul: Expected 0.8%; Prior 5.6%
0830 Retail sales YoY for Jul: Prior 1.10%
0915 Industrial production mm for Jul: Expected 3.0%; Prior 5.4%
0915 Capacity utilization SA for Jul: Expected 70.3%; Prior 68.6%
0915 Manufacturing output mm for Jul: Expected 3.0%; Prior 7.2%
0915 Industrial production YoY for Jul: Prior -10.82%
1000 Business inventories mm for Jun: Expected -1.2%; Prior -2.3%
1000 Retail inventories ex-auto revenue for Jun: Prior -0.8%
1000 U Mich Sentiment Preliminary for Aug: Expected 72.0; Prior 72.5
1000 U Mich Conditions Preliminary for Aug: Expected 81.8; Prior 82.8
1000 U Mich Expectations Preliminary for Aug: Expected 66.7; Prior 65.9
1000 U Mich 1 year inflation preliminary for Aug: Prior 3.0%
1000 U Mich 5-year inflation preliminary for Aug: Prior 2.6%
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