Canada Stocks: Futures little changed as oil prices dip

Roots

12/09/2019 12:44

Sept 12 (Reuters) - Futures for Canada's main stock index
were little changed on Thursday after oil prices fell, as a
meeting of the OPEC+ alliance yielded no discussion about
deepening supply cuts.
    Also feeding bearish sentiment, the International Energy
Agency, which advises industrial economies on energy policy,
said surging U.S. output would make balancing the market
"daunting" in 2020.  urn:newsml:reuters.com:*:nL3N2630XZ  urn:newsml:reuters.com:*:nL5N2631IW
    
    September futures on the S&P/TSX index  SXFc1  were down
0.02% at 7:00 a.m. ET.
    Canada's new housing price index data for July is due at
8:30 a.m. ET. 
    The Toronto Stock Exchange S&P/TSX composite index  .GSPTSE 
rose 0.45% to 16,611.14 on Wednesday.  urn:newsml:reuters.com:*:nL5N2625N9
    Dow Jones Industrial Average e-mini futures  1YMc1  were up
0.19% at 7:00 a.m. ET, while S&P 500 e-mini futures  ESc1  were
up 0.13% and Nasdaq 100 e-mini futures  NQc1  were up 0.34%.
 .N 
    
     
    TOP STORIES  TOP/CAN 
    Canadian company Aurora Cannabis Inc  ACB.TO  pushed back
its profitability timeline to fiscal 2020 on Wednesday after
missing its earlier target of the fourth quarter, blaming the
slow roll-out of retail outlets for recreational marijuana.
 urn:newsml:reuters.com:*:nL3N26240L
    Enbridge Inc  ENB.TO  called on Canada's energy regulator on
Wednesday to ignore calls from some of its shippers and avoid
intervening in the pipeline company's contentious proposal to
revamp contracts on its Mainline network.  urn:newsml:reuters.com:*:nL2N2621KD
    
    ANALYST RESEARCH HIGHLIGHTS  RCH/CA 
    Roots Corp  ROOT.TO : CIBC cuts price target to C$3 from
C$4.50
    TMX Group Ltd  X.TO : Scotiabank raises price target to
C$130 from C$122 
    
    COMMODITIES AT 7:00 a.m. ET  COM/WRAP 
    Gold futures  GCc2 : $1503.8; + 0.48%  GOL/ 
    U.S. crude  CLc1 : $55.27; -0.86%  O/R 
    Brent crude  LCOc1 : $60.13; -1.12%  O/R 


    U.S. ECONOMIC DATA DUE ON THURSDAY
    0830 Core CPI mm, SA for Aug: Expected 0.2%; Prior 0.3%
    0830 Core CPI yy, NSA for Aug: Expected 2.3%; Prior 2.2%
    0830 CPI Index, NSA for Aug: Expected 256.582; Prior 256.571
    0830 Core CPI Index, SA for Aug: Prior 263.57
    0830 CPI mm, SA for Aug: Expected 0.1%; Prior 0.3%
    0830 CPI yy, NSA for Aug: Expected 1.8%; Prior 1.8%
    0830 Real weekly earnings mm for Aug: Prior -0.3%
    0830 (approx.) CPI mm NSA for Aug: Prior 0.170%
    0830 (approx.) CPI Index SA for Aug: Prior 256.160
    0830 Initial jobless claims: Expected 215,000; Prior 217,000
    0830 Jobless claims 4-week average: Prior 216,250
    0830 Continued jobless claims: Expected 1.690 mln; Prior
1.662 mln
    1100 (approx.) Cleveland fed CPI for Aug: Prior 0.3%
    1400 Federal budget for Aug: Expected -$195.00 bln; Prior
-$120.00 bln

    
    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$1.31)

 (Reporting by Pathikrit Bandyopadhyay in Bengaluru; Editing by
Shounak Dasgupta)
 ((pathikrit.bandyopadhyay@thomsonreuters.com))