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CANADA STOCKS-TSX futures up as oil gains on vaccine cheer, falling U.S. stockpile

Published 2020-11-11, 07:26 a/m
Updated 2020-11-11, 07:30 a/m
© Reuters.

© Reuters.

Nov 11 (Reuters) - Futures for Canada's main stock index rose on Wednesday, as oil prices climbed more than 3% on hopes of a working COVID-19 vaccine and a steeper-than-expected fall in U.S. crude stockpile.

Brent LCOc1 was up $1.41 a barrel and the U.S. West Texas Intermediate crude CLc1 also added $1.41, after gaining nearly 3% on Tuesday. O/R

December futures on the S&P/TSX index SXFc1 rose 0.77% at 7:00 a.m. ET.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE ended 0.78% higher at 16,604.80 on Tuesday.

Dow Jones Industrial Average e-mini futures 1YMc1 were up 0.66% at 7:00 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.72% and Nasdaq 100 e-mini futures NQc1 were up 0.87%.

TOP STORIES TOP/CAN

Great Canadian Gaming Corp GC.TO said on Tuesday that Apollo Global Management APO.N would acquire the company for about C$2.16 billion ($1.66 billion) through funds managed by its affiliates. RESEARCH HIGHLIGHTS RCH/CA

Leon's Furniture Ltd LNF.TO : CIBC raises target price to C$21.5 from C$17

Morguard Corp MRC.TO : CIBC cuts target price to C$175 from C$195

Osisko Gold Royalties Ltd OR.TO : CIBC raises to "outperform" from "neutral"

COMMODITIES AT 7:00 a.m. ET

Gold futures GCc2 : $1874.1; -0.12% GOL/

US crude CLc1 : $42.56; +2.88% O/R

Brent crude LCOc1 : $44.82; +2.77% O/R

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$1.30)

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