Canada Stocks: TSX futures rise as oil prices hold

Uni-Select

08/04/2020 12:22

Canada's main stock index futures were higher on Wednesday, as
oil prices steadied on hopes that a meeting between OPEC members
and allied producers on Thursday will trigger output cuts.
    June futures on the S&P/TSX index  SXFc1  were up 0.22% at
7:00 a.m. ET.
    Canadian housing starts and building permits data is due at
8:30 a.m. ET.
    The Toronto Stock Exchange's S&P/TSX  .GSPTSE  closed up
0.16% at 13,614.14 on Tuesday.  urn:newsml:reuters.com:*:nL8N2BV7P6
    Dow Jones Industrial Average e-mini futures  1YMc1  were up
0.47% at 7:00 a.m. ET, while S&P 500 e-mini futures  ESc1  were
up 0.44% and Nasdaq 100 e-mini futures  NQc1  were up 0.6%.  .N 
    
     
    TOP STORIES  TOP/CAN 
    More than two dozen employees of Denver-based shale producer
Ovintiv Inc  OVV.TO  sent form letters this week to Texas energy
regulators opposing any state-mandated oil production cuts in
the face of plunging energy prices.  urn:newsml:reuters.com:*:nL1N2BV2O7
        
    
    ANALYST RESEARCH HIGHLIGHTS  RCH/CA 
    Laurentian Bank of Canada  LB.TO : Canaccord Genuity cuts
target price to C$23 from C$32
    Marathon Gold Corp  MOZ.TO : National Bank of Canada raises
price target to C$2.50 from C$2.25
    Uni-Select Inc  UNS.TO : BMO cuts target price to C$5 from
C$12
    
    
    COMMODITIES AT 7:00 a.m. ET 
    Gold futures  GCc2 : $1,675; +0.14%  GOL/ 
    US crude  CLc1 : $24.4; +3.26%  O/R 
    Brent crude  LCOc1 : $31.96; +0.28%  O/R 
        
    
    U.S. ECONOMIC DATA DUE ON WEDNESDAY
    1200 TR IPSOS PCSI for Apr: Prior 60.10
        
    
    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$1.40)

 (Reporting by Samrhitha Arunasalam in Bengaluru; Editing by
Shounak Dasgupta)
 ((Samrhitha.A@thomsonreuters.com))