April 24 (Reuters) - Canada's main stock index looked set to open higher on Tuesday as oil prices rose above $75 per barrel to their highest since November 2014.
June futures on the S&P TSX index SXFc1 were up 0.34 percent at 7:15 a.m. ET.
Canada's benchmark stock index ended higher on Monday, with gains in the price of U.S. crude oil driving up shares of companies in the energy sector. ID:nL1N1S01RV
Dow Jones Industrial Average e-mini futures 1YMc1 were up 0.57 percent at 7:15 a.m. ET, while S&P 500 e-mini futures Esc1 were 0.53 percent higher and Nasdaq 100 e-mini futures NQc1 rose 0.54 percent. .N
(Morning News Call newsletter http://link.reuters.com/nex49s; The Day Ahead newsletter http://link.reuters.com/mex49s)
TOP STORIES TOP/CAN
Mitel Networks Corp MNW.TO said on Tuesday it would be bought by an investor group led by Searchlight Capital Partners in a deal valued at about $2 billion, including debt. ID:nL3N1S14M9
Burger King owner Restaurant Brands International Inc QSR.TO reported a better-than-expected first-quarter profit on Tuesday as more diners visited its fast food restaurants. ID:nL3N1S14K3
Teck Resources Ltd TCKb.TO , the world's second-biggest exporter of steelmaking coal, reported on Tuesday higher-than-expected adjusted first-quarter earnings as sales volumes climbed. ID:nL3N1S13BQ
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCcv1 : $1,327.5; 0.26 pct GOL/
US crude CLc1 : $69.07; 0.63 pct O/R
Brent crude LCOc1 : $74.96; 0.33 pct O/R
LME 3-month copper CMCU3 : $7040; 1.39 pct MET/L
ANALYST RESEARCH HIGHLIGHTS RCH/CA
• Canadian Utilities Ltd (CU). BMO cuts target price to C$37 from C$39.
• Hydro One Ltd (H). CIBC cuts rating to neutral from outperformer.
U.S. ECONOMIC DATA DUE ON TUESDAY
0800 Building permits R number for Mar: Prior 1.354 mln
0800 Building permits R change mm for Mar: Prior -2.5 pct
0900 Monthly home price mm for Feb: Prior 0.8 pct
0900 Monthly home price yy for Feb: Prior 7.3 pct
0900 Monthly Home Price Index for Feb: Prior 259.3 0900 CaseShiller 20 mm SA for Feb: Expected 0.7 pct; Prior 0.8 pct
0900 CaseShiller 20 mm NSA for Feb: Prior 0.3 pct
0900 CaseShiller 20 yy for Feb: Expected 6.3 pct; Prior 6.4 pct
1000 Consumer Confidence for Apr: Expected 126.0; Prior 127.7
1000 New home sales-units for Mar: Expected 0.630 mln; Prior 0.618 mln
1000 New home sales change mm for Mar: Expected 1.9 pct; Prior -0.6 pct
1000 Rich Fed Composite Index for Apr: Prior 15
1000 Rich Fed, Services Index for Apr: Prior 25
1000 Rich Fed Manufacturing Shipments for Apr: Prior 15
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)