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CANADA STOCKS-TSX futures slip as oil prices retreat

Published 2020-11-26, 07:48 a/m
© Reuters.
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Nov 26 (Reuters) - Futures for Canada's main stock index slipped on Thursday as oil prices retreated from seven-month highs on signs of growing supplies.

December futures on the S&P/TSX index SXFc1 were down 0.2% at 7:29 a.m. ET.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE ended 0.2% higher at 17,313 on Wednesday. .TO

Dow e-minis 1YMcv1 were down 30 points, or 0.1% at 0729 a.m. ET, while S&P 500 e-minis EScv1 were down 2.5 points, or 0.07% and Nasdaq 100 e-minis NQcv1 were up 38.25 points, or 0.31%. .N

TOP STORIES TOP/CAN

Canadian banks are set to post a drop in fourth-quarter profits as margin pressures are exacerbated by a surge in deposits to a record and sluggish loan growth. Bank of Montreal BMO.TO and Scotiabank BNS.TO kick off results reporting on Tuesday next week. oil major Exxon Mobil Corp (NYSE:XOM) OM.N said it plans to reduce up to 300 positions in Canada as part of an ongoing cost-cut plan due to a coronavirus-driven slump in oil prices. RESEARCH HIGHLIGHTS RCH/CA

BRP Inc DOO.TO : National Bank Of Canada raises target price to C$88 from C$85

Rogers Sugar Inc RSI.TO : Scotiabank raises price target to C$5.50 from C$5

COMMODITIES AT 7:00 a.m. ET

Gold futures GCc2 : $1,815.8; +0.39% GOL/

US crude CLc1 : $45.11; -1.31% O/R

Brent crude LCOc1 : $48.02; -1.21% O/R

U.S. ECONOMIC DATA DUE ON THURSDAY

No economic indicators are scheduled for release.

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report .TO

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Canadian dollar and bonds report CAD/ CA/

Reuters global stocks poll for Canada EQUITYPOLL1 EPOLL/CA

Canadian markets directory CANADA ($1= C$1.3009)

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