April 26 (Reuters) - Futures for Canada's main stock index were lower on Friday, as oil prices fell on expectations that OPEC will raise output to counter shrinking exports from Iran after sanctions imposed by the United States.
June futures on the S&P/TSX index SXFc1 were down 0.11 percent at 7:00 a.m. ET.
Canada's budget balance data for February is expected at 11:00 a.m. ET.
The Toronto Stock Exchange's S&P/TSX .GSPTSE fell 10.42 points, or 0.06 percent, to 16,576.10 on Thursday. Jones Industrial Average e-mini futures 1YMc1 were down 0.06 percent at 7:00 a.m. ET, while S&P 500 e-mini futures ESc1 edged down 0.01 percent and Nasdaq 100 e-mini futures NQc1 were up 0.17 percent. .N
TOP STORIES TOP/CAN
Saputo SAP.TO has purchased the Australian cheese business of Japan's Kirin Holdings for about $179 million, the Nikkei reported, citing anonymous sources.. outgoing chief executive of Canada's Suncor Energy SU.TO on Thursday urged the new Alberta government to find a way out of mandatory oil production cuts that were imposed this year to help boost crude prices. RESEARCH HIGHLIGHTS RCH/CA
CGI Inc GIBa.TO : CIBC raises price target to C$100 from C$92
Canadian Utilities Ltd CU.TO : RBC raises price target to C$37 from C$35
Rogers Communications Inc RCIb.TO : Morgan Stanley (NYSE:MS) cuts price target to C$71 from C$76
COMMODITIES AT 7:00 a.m. ET COM/WRAP
Gold futures GCc2 : $1,280.6; +0.33 percent GOL/
US crude CLc1 : $64.04; -1.79 percent O/R
Brent crude LCOc1 : $72.79; -2.1 percent O/R
U.S. ECONOMIC DATA DUE ON FRIDAY
0830 GDP advance for Q1: Expected 2.0 pct; Prior 2.2 pct
0830 GDP sales advance for Q1: Prior 2.1 pct
0830 GDP cons spending advance for Q1: Prior 2.5 pct
0830 GDP deflator advance for Q1: Expected 1.3 pct; Prior 1.9 pct
0830 Core PCE prices advance for Q1: Expected 1.6 pct; Prior 1.8 pct
0830 PCE prices advance for Q1: Expected 1.3 pct; Prior 1.5 pct
1000 U Mich Sentiment Final for April: Expected 97; Prior 96.9
1000 U Mich Conditions Final for April: Expected 114.2; Prior 114.2
1000 U Mich Expectations Final for April: Expected 86; Prior 85.8
1000 U Mich 1 year inflation final for April: Prior 2.4 pct
1000 U Mich 5-year inflation final for April: Prior 2.3 pct
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