Canada Stocks: TSX futures rise on higher oil prices

WildBrain

13/02/2019 12:36

Feb 13 (Reuters) - Futures for Canada's main index rose on
Wednesday, helped by gains in oil prices.
    March futures on the S&P/TSX index  SXFc1  were up 0.28
percent at 7:05 a.m. ET.
    Brent crude prices rose after top exporter Saudi Arabia said
it would cut crude exports and deliver an even deeper cut to its
production, while U.S. futures gained on a decline in oil
inventories.  urn:newsml:reuters.com:*:nL3N2081DN
    The Toronto Stock Exchange's S&P/TSX  .GSPTSE  closed higher
73.25 points, or 0.47 percent, to 15,642.10 on Tuesday.
 urn:newsml:reuters.com:*:nL5N20779B
    Dow Jones Industrial Average e-mini futures  1YMc1  were up
0.32 percent at 7:08 a.m. ET, while S&P 500 e-mini futures
 ESc1  edged up 0.27 percent and Nasdaq 100 e-mini futures
 NQc1  were up 0.48 percent.  .N 
    
     
    TOP STORIES  TOP/CAN 
    Barrick Gold Corp  ABX.TO , the world's largest publicly
traded gold producer, said on Wednesday its quarterly loss
widened, partly due to an impairment charge and rise in
production costs.  urn:newsml:reuters.com:*:nL1N2070W8
    Canada's Teck Resources Ltd  TCKb.TO , the world's
second-biggest exporter of steel-making coal, posted a
lower-than-expected quarterly profit on Wednesday, hurt by weak
prices for heavy crude and base metals.  urn:newsml:reuters.com:*:nL3N2082FB
    Oil sands producer Cenovus Energy Inc  CVE.TO  posted a
wider quarterly loss on Wednesday, but said the impact of output
cuts will be more than offset by an improvement in Canadian
crude prices this year.  urn:newsml:reuters.com:*:nL3N2083M0
        
    ANALYST RESEARCH HIGHLIGHTS  RCH/CA 
    DHX Media Ltd  DHX.TO : CIBC cuts price target to C$2.25
from C$2.50.
    Pinnacle Renewable Energy Inc  PL.TO : CIBC cuts price
target to C$14 from C$17.
    Sandstorm Gold  SSL.TO : RBC raises price target to C$8.5
from C$7.5.
    
    COMMODITIES AT 7:08 a.m. ET  COM/WRAP 
    Gold futures  GCc2 : $1,311.6; rose 0.02 percent  GOL/ 
    US crude  CLc1 : $53.77; rose 1.26 percent  O/R 
    Brent crude  LCOc1 : $63.39; rose 1.55 percent  O/R 
    
    U.S. ECONOMIC DATA DUE ON WEDNESDAY
    0830 Core CPI mm, SA for Jan: Expected 0.2 pct; Prior 0.2
pct
    0830 Core CPI yy, NSA for Jan: Expected 2.1 pct; Prior 2.2
pct
    0830 CPI Index, NSA for Jan: Expected 251.515; Prior 251.233
    0830 Core CPI Index, SA for Jan: Prior 260.03
    0830 CPI mm, SA for Jan: Expected 0.1 pct; Prior -0.1 pct
    0830 CPI yy, NSA for Jan: Expected 1.5 pct; Prior 1.9 pct
    0830 Real weekly earnings mm for Jan: Prior 0.7 pct
    0830 CPI mm NSA for Jan: Prior -0.320 pct
    0830 CPI Index SA for Jan: Prior 253.730
    1100 Cleveland fed CPI for Jan: Prior 0.2 pct
    1400 Federal budget for Dec: Expected -$11.00 bln; Prior
-$205.00 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$1.32)

 (Reporting by Sourav Bose in Bengaluru; Editing by James
Emmanuel)