CANADA STOCKS-TSX futures lower ahead of inflation data

Fri Apr 21, 2017 7:31am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

April 21 (Reuters) - Canada's main stock index was set for a modestly lower opening on Friday after oil prices fell over doubts that OPEC-lead production cut will restore balance to an oversupplied market.

June futures on the S&P TSX index were down 0.04 percent at 7:15 a.m. ET.

Investors will look forward to inflation data scheduled for release at 8:30 a.m. ET. Data from Statistics Canada is likely to show the country's annual inflation rate slipped to 1.8 percent in March from 2 percent in February.

Canada's main stock index rose on Thursday after shares of Canadian Pacific Railway Ltd jumped on an upbeat earnings report and mining shares benefited from a gain in commodity prices.

Dow Jones Industrial Average e-mini futures were up 0.05 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.13 percent and Nasdaq 100 e-mini futures were up 0.19 percent.

(Morning News Call newsletter here ; The Day Ahead newsletter here)

TOP STORIES

Canadian engineering and construction company SNC-Lavalin Group Inc on Thursday said it would buy British engineering and consultancy firm WS Atkins Plc for C$3.6 billion ($2.67 bill1ion), firming up an indicative offer it made earlier this month.   Continued...