January 19, 2015 / 1:32 PM / in 3 years

CANADA STOCKS-TSX to fall at open as oil remains under pressure

Jan 19 (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index on Monday as oil prices fell below $50 after Iraq announced record oil production and the global economic outlook darkened.

March futures on the S&P TSX index were down 0.65 percent at 7.15 a.m. ET.

Securities Cdns data for November due at 8:30 a.m. ET

Canada's main stock index rose nearly 2 percent on Friday as shares of oil and mining companies soared on the back of rebounding commodity prices.

Dow Jones Industrial Average e-mini futures were down 0.31 percent at 7.15 a.m. ET, while S&P 500 e-mini futures were down 0.30 percent and Nasdaq 100 e-mini futures were down 0.25 percent. (Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)

TOP STORIES

Seven Nebraska landowners on Friday filed suits against the company behind the Keystone XL pipeline, alleging that a state law that cleared the way for the massive project violates the state's constitution.

Target Corp was scrambling for ways to fix its failing Canadian expansion and considering closing just the weakest locations, but a pre-holiday visit to several stores by CEO Brian Cornell helped seal the decision for a full retreat.

COMMODITIES AT 7.15 a.m. ET

Gold futures : $1,274.9; -0.16 pct

US crude : $48.22; -0.97 pct

Brent crude : $49.83; -0.68 pct

LME 3-month copper : $5,668; -0.82 pct

ANALYST RESEARCH HIGHLIGHTS

Vermilion Energy Inc : CIBC raises to "sector outperformer" from "sector performer"

Altius Minerals Corp : Raymond James raises target to C$16 from C$15

Transforce Inc : BMO cuts to "underperform" from "market perform"

U.S. ECONOMIC DATA DUE ON MONDAY

No major U.S. economy data expected

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$1.20 Reporting by Abhinav Kaul in Bengaluru

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