April 28 (Reuters) - Stock futures pointed to a lower
opening for Canada's main stock index on Thursday as oil prices
fell after hitting a 2016 high on Wednesday.
June futures on the S&P TSX index SXFc1 were down 0.70
percent at 7:30 a.m. ET.
No major economic events are scheduled for the day. ECONCA
Canada's main stock index rose on Wednesday as higher oil
prices supported energy stocks, while financial and materials
stocks also advanced after the Federal Reserve kept interest
rates unchanged.
Dow Jones Industrial Average e-mini futures 1YMc1 were
down 0.81 percent at 7:30 a.m. ET, while S&P 500 e-mini futures
ESc1 were down 0.74 percent and Nasdaq 100 e-mini futures
NQc1 were down 0.45 percent. .N
(Morning News Call newsletter http://link.reuters.com/nex49s;
The Day Ahead newsletter http://link.reuters.com/mex49s)
TOP STORIES TOP/CAN
Potash Corp of Saskatchewan POT.TO POT.N , the world's
biggest fertilizer company by capacity, cut its full-year profit
forecast due to weak demand and lower prices.
Bombardier Inc BBDb.TO announced on Thursday a
much-anticipated order from Delta Air Lines (NYSE:DAL) DAL.N for up to
125 of its CSeries passenger jets, throwing a lifeline to the
Canadian company, which also reported a quarterly loss.
Drugmaker Valeant Pharmaceuticals International Inc (NYSE:VRX) VRX.TO
is expected to name four new directors as soon as Friday, the
Wall Street Journal reported. AT 7:30 a.m. ET COM/WRAP
Gold futures GCc1 : $1,254.80; +0.42 pct GOL/
US crude CLc1 : $45.16; -0.35 pct O/R
Brent crude LCOc1 : $47.09; -0.17 pct O/R
LME 3-month copper CMCU3 : $4,882.05; -0.42 pct MET/L
ANALYST RESEARCH HIGHLIGHTS RCH/CA
Cenovus Energy Inc CVE.TO : Barclays (LON:BARC) raises target price to
C$20 from C$19; rating underweight
Open Text Corp OTC.TO : Barclays cuts target price to C$71
from C$78; rating overweight
CGI Group Inc GIBa.TO : BMO raises price target to C$64
from C$63; rating outperform
U.S. ECONOMIC DATA DUE ON THURSDAY
0830 GDP advance for Q1: Expected 0.7 pct; Prior 1.4 pct
0830 GDP sales advance for Q1: Expected 0.8 pct; Prior 1.6
pct
0830 GDP cons spending advanced for Q1: Prior 2.4 pct
0830 GDP deflator advance for Q1: Expected 0.6 pct; Prior
0.9 pct
0830 Core PCE prices advance for Q1: Expected 1.9 pct; Prior
1.3 pct
0830 PCE prices advance for Q1: Expected 0.2 pct; Prior 0.3
pct
0830 Initial jobless claims: Expected 260,000; Prior 247,000
0830 Jobless claims 4-week average: Prior 260,500
0830 Continued jobless claims: Expected 2.137 mln; Prior
2.137 mln
1100 KC Fed Manufacturing for Apr: Prior -14
1100 KC Fed Composite Index for Apr: Prior -6
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$1.26)