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CANADA STOCKS-TSX futures rise on higher oil prices

Published 2018-07-10, 07:25 a/m
CANADA STOCKS-TSX futures rise on higher oil prices
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July 10 (Reuters) - Stock futures pointed to a slightly higher opening for Canada's main stock index on Tuesday, led by energy shares as supply disruptions buoyed crude prices.

Oil prices rose more than $1 per barrel on Tuesday due to growing supply outages, with Norway shutting one oilfield as hundreds of workers began a strike and Libya saying its production more than halved in recent months. futures on the S&P/TSX index SXFc1 were up 0.07 percent at 7:15 a.m. ET.

Housing starts for June and building permits data for May are expected by 8:30 a.m. ET

On Monday, the Toronto Stock Exchange's S&P/TSX closed 0.49 percent higher, at 16,452.34. Jones Industrial Average e-mini futures 1YMc1 were up 0.27 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.22 percent and Nasdaq 100 e-mini futures NQc1 were up 0.32 percent. .N

TOP STORIES TOP/CAN

Alimentation Couche-Tard Inc ATDb.TO topped analysts' quarterly profit estimate on Monday as the world's second-biggest convenience store operator benefited from higher fuel sales and its acquisitions. Pension Plan Investment Board and Silicon Valley-based investor TCV are buying a stake in Sportradar, valuing the Swiss sports data group at 2.1 billion euros, including debt, the companies said on Monday. bus company Greyhound Canada said it would stop services in three western provinces in the country and eliminate 415 jobs there as it loses riders to low-cost airlines and subsidized passenger services. RESEARCH HIGHLIGHTS RCH/CA

Altagas Ltd ALA.TO TD Securities cuts target price to C$32 from C$37

Precision Drilling Corp PD.TO Raymond James raises target price to C$7.25 from C$5.75

Suncor Energy Inc SU.TO Canaccord Genuity raises target price C$64 from C$58

COMMODITIES AT 7:15 a.m. ET COM/WRAP

Gold futures GCcv1 : $1,248.8; -0.86 pct GOL/

U.S. crude CLc1 : $74.17; +0.43 pct O/R

Brent crude LCOc1 : $79.1; +1.32 pct O/R

LME 3-month copper CMCU3 : $6,313; -1.21 pct MET/L

U.S. ECONOMIC DATA DUE ON TUESDAY

1000 JOLTS job openings for May: Expected 6.583 mln; Prior 6.698 mln

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$1.31)

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