(Reuters) - Futures for Canada's main stock index edged lower on Friday, after oil prices slipped on demand concerns, as investors awaited domestic GDP data due later in the day.
Crude prices eased from their six weeks high as concerns of wider lockdowns in India and Brazil to curb the COVID-19 pandemic offset a bullish outlook on summer fuel demand and the economic recovery. [O/R]
Canada's GDP data, due at 08:30 a.m. ET, is expected to show a growth of 0.5% in February.
June-quarter futures on the S&P/TSX index were down 0.5% at 7:11 a.m. ET. Still, the index was set for its third straight monthly gain this year.
The Toronto Stock Exchange's S&P/TSX composite index ended 0.52% lower at 19,255.92 on Thursday. (TO)
Dow e-minis were down 165 points, or 0.49% at 07:11 a.m. ET. S&P 500 e-minis were down 23.5 points, or 0.56% and Nasdaq 100 e-minis were down 95.25 points, or 0.68%. (N)
TOP STORIES [TOP/CAN]
Canada's first budget in two years looks set to join a pile of stalled bills in a Parliament besieged by partisan squabbling, a logjam that could be the trigger Prime Minister Justin Trudeau uses to call an early election.
Canada's remote oil sands region in northern Alberta has become a COVID-19 hotspot, disrupting essential annual maintenance work at its massive oil sands plants.
Restaurant Brands International Inc beat quarterly revenue estimates, as a reopening U.S. economy and government stimulus checks boosted spending at the company's Burger King chain.
ANALYST RESEARCH HIGHLIGHTS [RCH/CA]
Baytex Energy: Atb Capital Markets raises to sector perform from underperform
Converge Technology Solutions: Cormark Securities initiates with buy rating
MAJOR U.S. ECONOMIC DATA DUE ON FRIDAY
0830 Personal income mm for Mar: Expected 20.3%; Prior -7.1%
0830 Personal consumption real mm for Mar: Prior -1.2%
0830 Consumption, adjusted mm for Mar: Expected 4.1%; Prior -1.0%
0830 Core PCE price index mm for Mar: Expected 0.3%; Prior 0.1%
0945 Chicago PMI for Apr: Expected 65.3; Prior 66.3
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