March 30 Stock futures pointed to a lower
opening for Canada's main stock index on Thursday following a
dip in oil prices as bloated U.S. inventories limited the impact
of supply disruption in Libya.
June futures on the S&P TSX index were down 0.17
percent at 7:15 a.m. ET.
Canada producer prices, scheduled for release at 8:30 a.m.
ET, likely rose 0.3 percent in February, after recording 0.4
percent rise in the prior month.
The Toronto Stock Exchange's S&P/TSX composite index rose
modestly on Wednesday as a more than 2 percent increase in oil
prices boosted shares of energy and resource companies.
Dow Jones Industrial Average e-mini futures were
down 0.13 percent at 7:15 a.m. ET, while S&P 500 e-mini futures
were down 0.13 percent and Nasdaq 100 e-mini futures
were down 0.11 percent.
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ConocoPhillips on Wednesday agreed to sell oil sands
and western Canadian natural gas assets to Cenovus Energy Inc
for C$17.7 billion ($13.3 billion), making it the
latest international oil major to pull back from a region where
high costs and low crude prices have made it hard for large
companies to make an acceptable return.
Billionaire hedge fund manager William Ackman has apologized
to clients for betting on Valeant Pharmaceuticals International
Inc, telling them he was "deeply and profoundly sorry"
for losing so much of their money on the investment.
ANALYST RESEARCH HIGHLIGHTS
AGF Management Ltd: Desjardins raises target price
to C$7; rating "buy"
Black Diamond Group Ltd: RBC starts coverage with
"sector perform", C$4.25 target price
Redknee Solutions Inc: RBC cuts target price to C$1
COMMODITIES AT 7:15 a.m. ET
Gold futures: $1250.2; -0.28 percent
US crude: $49.41; -0.2 percent
Brent crude: $52.16; -0.5 percent
LME 3-month copper: $5876; -0.52 percent
U.S. ECONOMIC DATA DUE ON THURSDAY
08:30 Corporate Profits Preliminary for Q4: Prior 6.7 pct
08:30 GDP final for Q4: Expected 2.0 pct; Prior 1.9 pct
08:30 GDP sales final for Q4: Expected 1.0 pct; Prior 0.9
08:30 GDP consumption spending final for Q4: Prior 3.0 pct
08:30 GDP deflator final for Q4: Expected 2.0 pct; Prior 2.0
08:30 Core PCE prices final for Q4: Expected 1.2 pct; Prior
08:30 PCE prices final for Q4: Expected 2.1 pct; Prior 1.9
08:30 Initial jobless claims: Expected 248,000; Prior
08:30 Jobless claims 4-week average: Prior 246,500
08:30 Continued jobless claims: Expected 2.020 mln; Prior
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report
Canadian dollar and bonds report
Reuters global stocks poll for Canada
Canadian markets directory
(Reporting by Nikhil Kumar in Bengaluru; Editing by Saumyadeb