CANADA STOCKS-TSX futures down as commodity prices tumble

Mon Nov 23, 2015 7:40am EST
 
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Nov 24 (Reuters) - Canada's main stock index looked set to open lower on Monday following another selloff in global commodities, with gold falling toward a near six-year low.

December futures on the S&P TSX index were down 0.10 percent at 7:15 a.m. ET.

Canada's main stock index pulled back on Friday as weakness in heavyweight energy and material stocks amid volatile oil price action and a disappointing drop in retail sales tarnished a week of decent gains.

Dow Jones Industrial Average e-mini futures were down 0.1 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were down 0.06 percent and Nasdaq 100 e-mini futures were down 0.03 percent. (Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)

TOP STORIES

Private equity firm CVC Capital Partners Ltd and Canada Pension Plan Investment Board are nearing a deal to acquire Petco Holdings Inc, valuing it at around $4.7 billion, including debt, according to people familiar with the matter.

Canada's national energy regulator has halted construction on a new TransCanada Corp natural gas pipeline after reviewing evidence that it may have spilled a toxic drilling fluid into a major Western Canadian river, a spokesman said on Friday.

The Canadian province of Alberta, home to the country's controversial oil sands, said on Sunday it will implement an economy-wide tax on carbon emissions in 2017, addressing long-standing criticism it is not doing enough to combat climate change.

COMMODITIES AT 7:15 a.m. ET   Continued...