US Markets

TSX futures gain on higher oil prices

Credit: REUTERS/CHRIS HELGREN

Futures for Canada's main stock index were up on Friday as crude oil prices rebounded after positive U.S. retail sales data helped ease concerns of a recession in the world's largest economy.

    Aug 16 (Reuters) - Futures for Canada's main stock index
were up on Friday as crude oil prices rebounded after positive
U.S. retail sales data helped ease concerns of a recession in
the world's largest economy.  
    September futures on the S&P/TSX index <SXFc1> were up
0.63%, as of 7:15 a.m. ET.
    Canadian investment in foreign securities and foreign
investment in Canadian securities data are due at 08:30 a.m. ET.
    The Toronto Stock Exchange S&P/TSX composite index <.GSPTSE>
closed down 33.41 points, or 0.21%, at 16,012.53 on Thursday.
[nL8N25B5IJ]
    Dow Jones Industrial Average e-mini futures <1YMc1> were up
1% at 7:15 a.m. ET, while S&P 500 e-mini futures <ESc1> were up
1.03% and Nasdaq 100 e-mini futures <NQc1> were up 1.33%. [.N]
         
    TOP STORIES [TOP/CAN]
    A recent unsolicited bid for Inter Pipeline Ltd <IPL.TO> has
highlighted the potential of Canada's midstream companies to
offer insulation from volatile oil prices. [nL2N25A16O]
    Canadian pot grower CannTrust Holdings <TRST.TO> on Thursday
said that the sale of over half of its stock of marijuana and
around a quarter of its plants had been suspended following the
discovery of unlicensed cultivation at its
facilities.[nL4N25B4JS]
   
 
    ANALYST RESEARCH HIGHLIGHTS [RCH/CA]
    Extendicare Inc <EXE.TO>: CIBC upgrades rating to
"outperformer" from "neutral"
    Intact Financial Corp <IFC.TO>: KBW raises price target to
C$125 from C$122
    Just Energy Group Inc <JE.TO>: CIBC cuts rating to
"underperformer" from "neutral"
    
    
    COMMODITIES AT 7:15 a.m. ET [COM/WRAP]
    Gold futures <GCc2>: $1513.4; -0.55 percent [GOL/]
    US crude <CLc1>: $55.4; +1.71 percent [O/R]
    Brent crude <LCOc1>: $59.27; +1.79 percent [O/R]
    
         
    U.S. ECONOMIC DATA DUE ON FRIDAY
    0830 Building permits: number for July: Expected 1.270 mln;
Prior 1.232 mln
    0830 Building permits: change mm for July: Prior -5.2%
    0830 Housing starts number for July: Expected 1.257 mln;
Prior 1.253 mln
    0830 Housing starts mm: change for July: Prior -0.9%
    1000 U Mich Sentiment Preliminary for Aug: Expected 97.2;
Prior 98.4
    1000 U Mich Conditions Preliminary for Aug: Expected 110.4;
Prior 110.7
    1000 U Mich Expectations Preliminary for Aug: Expected 89;
Prior 90.5
    1000 U Mich 1 year inflation preliminary for Aug: Prior 2.6%
    1000 U Mich 5-year inflation preliminary for Aug: Prior 2.5%
    
    
    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$1.33)

 (Reporting by Siddharth Athreya V in Bengaluru, Editing by
Sherry Jacob-Phillips)
 ((Siddharth.AthreyaV@thomsonreuters.com))

Keywords: CANADA STOCKS/

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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