May 8 (Reuters) - Futures for Canada's main stock index edged lower on Wednesday, as deepening U.S.-China trade tensions and global economy slowdown fears drove investors away from risky assets.
Chinese Vice Premier Liu He is due to visit Washington on Thursday and Friday for trade talks in a last-ditch bid to avert a sharp increase in tariffs on Chinese goods ordered by U.S. President Donald Trump. futures on the S&P/TSX index SXFc1 were down 0.12 percent at 7:00 a.m. ET.
Canada's housing starts data for April is likely to be released at 8:15 a.m. ET.
The Toronto Stock Exchange's S&P/TSX .GSPTSE fell 135.71 points, or 0.82 percent, to 16,357.75 on Tuesday. Jones Industrial Average e-mini futures 1YMc1 were down 0.56 percent at 7:00 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.62 percent and Nasdaq 100 e-mini futures NQc1 were down 0.79 percent. .N
TOP STORIES TOP/CAN
Private equity firm Waterton Global Resource Management on Tuesday said it agreed to not increase its stake in Hudbay Minerals Inc HBM.TO , to more than 15 percent after the private equity firm settled its drawn out proxy contest with the Canadian miner. Inc ENB.TO is asking oil shippers to sign at least eight-year contracts to move crude on its Mainline pipeline network, as it proposes to shift away from a monthly allocation system, people with knowledge of the matter told Reuters. RESEARCH HIGHLIGHTS RCH/CA
Alaris Royalty Corp AD.TO : RBC cuts price target to C$22 from C$25
Freehold Royalties Ltd FRU.TO : Eight Capital cuts price target to C$11.50 from C$12
WestJet Airlines Ltd WJA.TO : CIBC cuts price target to C$20 from C$21
COMMODITIES AT 7:00 a.m. ET COM/WRAP
Gold futures GCc2 : $1291.2; +0.44 percent GOL/
US crude CLc1 : $61.2; -0.33 percent O/R
Brent crude LCOc1 : $69.54; -0.49 percent O/R
U.S. ECONOMIC DATA DUE ON WEDNESDAY
1100 TR IPSOS Primary Consumer Sentiment Index for May: Prior 60.71
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($1 = C$1.35)