CANADA STOCKS-TSX to open lower as oil set for 3rd weekly drop

Fri Dec 18, 2015 9:01am EST
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(Updates with inflation and wholesale trade data)

Dec 18 (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index on Friday, as crude oil prices continued their slide and were on track for a third straight weekly drop.

March futures on the S&P TSX index were down 0.37 percent at 8:40 a.m. ET, recovering slightly, after data showed annual inflation edged up to 1.4 percent in November, lower than economists' forecasts for a rise to 1.5 percent.

The value of wholesale trade unexpectedly declined in October, weighed by lower sales in the food and motor vehicle and parts sectors, data from Statistics Canada showed.

Canada's main stock index fell on Thursday as weaker commodity prices following Wednesday's U.S. Federal Reserve rate hike weighed on energy and mining stocks, while a wireless acquisition dragged telecom stocks lower.

Dow Jones Industrial Average e-mini futures were down 0.37 percent at 8:40 a.m. ET, while S&P 500 e-mini futures were down 0.31 percent and Nasdaq 100 e-mini futures were down 0.02 percent. (Morning News Call newsletter; The Day Ahead newsletter


BlackBerry Ltd reported a smaller-than-expected fiscal third-quarter loss and its first quarter-to-quarter revenue gain in over two years, indicating turnaround efforts may be gaining traction.

Bank of Nova Scotia is considering selling its 49 percent stake in Thanachart Bank Pcl, Thailand's No.2 car loan provider, after struggling to make an Asian retail presence work, a source familiar with the plan said.   Continued...