April 20, 2016 / 11:17 AM / a year ago

CANADA STOCKS-Futures fall as oil slips

2 Min Read

April 20 (Reuters) - Canadian stock futures were lower on Wednesday as crude prices fell after Kuwaiti oil workers ended a three-day strike, putting the focus back on oversupply.

June futures on the S&P TSX index were down 0.09 percent at 7:15 a.m. ET.

Wholesale Trade monthly data for February is due at 8:30 a.m. ET

Canada's main stock index rose to a fresh five-month high on Tuesday, as energy and materials stocks gained on higher commodity prices, while financial stocks also advanced.

Dow Jones Industrial Average e-mini futures were down 0.01 percent at 7:15 a.m. ET, while S&P 500 e-mini futures up 0.01 percent and Nasdaq 100 e-mini futures were up 0.08 percent.

(Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)


Gold futures : $1,247.70; -0.42 pct

US crude : $40.24; -2.04 pct

Brent crude : $43.36; -1.52 pct

LME 3-month copper : $4,928.50; -0.15 pct

Analyst Research Highlights

CI Financial Corp : RBC cuts to sector perform from outperform

Endeavour Mining Corp : Raymond James raises to strong buy from outperform

Transalta Renewables : CIBC cuts to sector performer from sector outperformer

Precision Drilling Corp : Raymond James cuts to underperform from market perform

u.s. Economic Data Due on Wednesday

1000 Existing home sales for Mar: Expected 5.30 mln; Prior 5.08 mln

1000 Existing home sales percentage change for Mar: Expected 3.5 pct; Prior -7.1 pct

For Canadian Markets News, Click on Codes:

TSX market report

Canadian dollar and bonds report

Reuters global stocks poll for Canada

Canadian markets directory ($1 = C$1.27) (Reporting by Anjali James in Bengaluru; Editing by Anil D'Silva)

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