June 21, 2017 / 11:27 AM / a month ago

CANADA STOCKS-Futures drop on renewed slump in oil prices

2 Min Read

June 21 (Reuters) - Canadian stock futures pointed to a lower opening on Wednesday as the slump in oil prices continued, with investors fretting over no relief from a production cutback deal between OPEC and non-OPEC producers.

September futures on the S&P TSX index were down 0.15 percent at 7:15 a.m. ET.

Canada's benchmark stock index closed sharply lower on Tuesday as energy shares dived alongside oil prices, while Cenovus Energy Inc tumbled after the company said its chief executive was stepping down.

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 were down 0.13 percent and Nasdaq 100 e-mini futures were down 0.17 percent.

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Top Stories

Billionaire Eddie Lampert-controlled Sears Canada Inc is preparing to seek court protection against creditors in the coming weeks, a person familiar with the matter said on Tuesday.

Analyst Research Highlights

Crius Energy Trust: National Bank of Canada resumes coverage with "outperform" rating

Enerflex Ltd: CIBC raises price target to C$25 from C$24.50

Spin Master: National Bank of Canada raises rating to "outperform" from "sector perform"


Gold futures: $1,245.00; +0.32 pct

US crude: $43.49; -0.07 pct

Brent crude: $45.96; -0.09 pct

LME 3-month copper: $5,681.50; +0.43 pct

u.s. Economic Data Due on Wednesday

1000 Existing home sales for May: Expected 5.55 mln; Prior 5.57 mln

1000 Existing home sales percentage change for May: Expected -0.5 pct; Prior -2.3 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$1.33) (Reporting by Riniki Sanyal in Bengaluru; Editing by Shounak Dasgupta)

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