February 16, 2018 / 12:28 PM / 6 months ago

CANADA STOCKS-Futures point to higher opening for TSX

Feb 16 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Friday as oil prices rose, led by a fall in the U.S. dollar.

March futures on the S&P TSX index were up 0.11 percent at 7:15 a.m. ET.

Canadian manufacturing sales data is expected at 08:30 a.m. ET.

Canada's main stock index rose on Thursday as gains in the financial sector and shares of TransCanada Corp offset a decline in natural resource companies.

Dow Jones Industrial Average e-mini futures were up 0.16 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.23 percent and Nasdaq 100 e-mini futures were up 0.3 percent.

(Morning News Call newsletter here ; The Day Ahead newsletter here)

TOP STORIES

Air Canada reported a quarterly profit compared with a loss a year earlier, when the company took a charge of C$91 million related to pension funds.

Canadian regulator National Energy Board on Thursday issued rulings that allow Kinder Morgan Canada to do additional construction work on an oil pipeline expansion that is fiercely opposed by the province of British Columbia.

ANALYST RESEARCH HIGHLIGHTS

Canadian Tire Corp Ltd: Barclays raises target price to C$187 from C$180

Constellation Software Inc: RBC raises target price to C$950 from C$900

Transcanada Corp: CIBC raises price target to C$77 from C$76‍

COMMODITIES AT 7:15 a.m. ET

Gold futures: $1358.2; +0.45 pct

US crude: $61.41; +0.11 pct

Brent crude: $64.47; +0.22 pct

LME 3-month copper: $7215.5; +0.47 pct

U.S. ECONOMIC DATA DUE ON FRIDAY

0830 Building permits: number for Jan: Expected 1.300 mln; Prior 1.300 mln

0830 Build permits: change mm for Jan: Prior -0.2 pct

0830 Housing starts number mm for Jan: Expected 1.234 mln; Prior 1.192 mln

0830 House starts mm: change for Jan: Prior -8.2 pct

0830 Import prices mm for Jan: Expected 0.6 pct; Prior 0.1 pct

0830 Export prices mm for Jan: Expected 0.3 pct; Prior -0.1 pct

1000 U Mich Sentiment Preliminary for Feb: Expected 95.5 ; Prior 95.7

1000 U Mich Conditions Preliminary for Feb: Expected 112 .0; Prior 110.5

1000 U Mich Expectations Preliminary for Feb: Expected 84.5 ; Prior 86.3

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report

Canadian dollar and bonds report

Reuters global stocks poll for Canada

Canadian markets directory

$1 = C$1.25 Reporting by Erum Khaled in Bengaluru; Editing by Maju Samuel

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