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

Mon Jan 19, 2015 8:31am EST
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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; The Day Ahead newsletter


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.   Continued...