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.
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
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;
1000 U Mich Conditions Preliminary for Aug: Expected 110.4;
1000 U Mich Expectations Preliminary for Aug: Expected 89;
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>
Canadian markets directory <CANADA>
($1 = C$1.33)
(Reporting by Siddharth Athreya V in Bengaluru, Editing by
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.