Canada Stocks: -TSX futures near flat after oil prices drop

Heroux Devtek

03/10/2017 12:31

Oct 3 (Reuters) - Futures at Canada's main stock exchange 
were little changed on Tuesday after oil prices dipped as 
investors took profits on some large positions that have built 
up in the last couple of weeks. 
    Brent notched up a third-quarter gain of about 20 percent, 
the biggest increase for the quarter since 2004, and traded as 
high as $59.49 last week, but has since fallen about 6 percent. 
 O/R  
    December futures on the S&P TSX index  SXFc1  were down 0.02 
percent at 7:31 a.m. ET. 
    Canada's main stock index rose modestly on Monday as broad 
gains supported by the heavyweight financial sector offset the 
drag of energy stocks' retreat with lower oil prices. 
 urn:newsml:reuters.com:*:nL2N1MD1PL 
    Dow Jones Industrial Average e-mini futures  1YMc1  were up 
0.12 percent at 7:15 a.m. ET, while S&P 500 e-mini futures 
 ESc1  were up 0.05 percent and Nasdaq 100 e-mini futures  NQc1  
were up 0.08 percent.  .N  
     
 (Morning News Call newsletter http://share.thomsonreuters.com/assets/newsletters/Morning_News_Call/MNC_US.pdf 
 ; The Day Ahead newsletter http://share.thomsonreuters.com/assets/newsletters/The_Day_Ahead/TDA_NAM.pdf) 
     
    TOP STORIES  TOP/CAN  
    India's Reliance Communications  RLCM.NS  is reworking a 
planned $1.7 billion stake sale in its tower assets after 
scrapping a proposed merger of its wireless arm with smaller 
rival Aircel. Brookfield  BAMa.TO , which was to pay 110 billion 
rupees ($1.7 billion) for the majority stake in company's tower 
arm, will revalue the assets after the Aircel deal was scrapped, 
Punit Garg, an executive director at the telecoms carrier was 
quoted as saying by newspapers Business Standard and Hindu 
Business Line.  urn:newsml:reuters.com:*:nL4N1ME0YX     
    Scotia Capital Inc, a unit of Bank of Nova Scotia  BNS.TO , 
and Alberta Investment Management Corp said they would cut their 
stake in the owner of Toronto Stock Exchange to less than 5 
percent each.  urn:newsml:reuters.com:*:nL4N1MD4PB 
    Mark Kokes, the man who was leading BlackBerry Ltd's  BB.TO  
efforts to make money from its patent portfolio has left to join 
a health technology company, two sources with knowledge of the 
move said on Monday.  urn:newsml:reuters.com:*:nL2N1MD1KG 
         
    ANALYST RESEARCH HIGHLIGHTS  RCH/CA  
    Heroux Devtek Inc  HRX.TO : Desjardins raises target price 
to C$18 from C$15 
    Metro Inc  MRU.TO : Barclays raises price target to C$45 
from C$44 
     
    COMMODITIES AT 7:15 a.m. ET  COM/WRAP  
    Gold futures  GCc1 : $1270.9; -0.14 percent  GOL/  
    US crude  CLc1 : $50.48; -0.2 percent  O/R  
    Brent crude  LCOc1 : $56.04; -0.14 percent  O/R  
    LME 3-month copper  CMCU3 : $6505; +0.18 percent  MET/L  
     
    U.S. ECONOMIC DATA DUE ON TUESDAY 
    0945 ISM-New York Index for Sep: Prior 748.8 
    0945 ISM NY Business Conditions for Sep: Prior 56.6 
    1530 Domestic car sales for Sep: Expected 4.50 mln; Prior 
4.36 mln 
    1530 Total vehicle sales for Sep: Expected 16.90 mln; Prior 
16.14 mln 
    1530 Domestic truck sales for Sep: Expected 8.23 mln; Prior 
8.32 mln 
    1530 All car sales for Sep: Prior 6.03 mln 
    1530 All truck sales for Sep: Prior 10.11 mln 
     
    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$1.25) 
 
 (Reporting by Pathikrit Bandyopadhyay in Bengaluru; Editing by 
Arun Koyyur) 
 ((Reuters Messaging: 
pathikrit.bandyopadhyay@.thomsonreuters.com@reuters.net; phone 
+1 651 848 5900 or +91 80 6749 1060)) 
 
Keywords: CANADA STOCKS/