May 23, 2017 / 11:43 AM / 2 months ago

CANADA STOCKS-Futures point to higher open

3 Min Read

May 23 (Reuters) - Canada's index futures pointed to a higher opening for the main stock exchange on Tuesday, after the Victoria Day holiday on Monday.

The Toronto Stock Exchange rose on Friday, with energy shares leading a broad-based rally as oil prices rose.

June futures on the S&P TSX index were up 0.24 percent at 7:15 a.m. ET.

Oil prices fell on Tuesday, weighed down by U.S. President Donald Trump's plan to sell off half the country's huge oil stockpile, threatening a future glut even as OPEC and its allies cut output to try and tighten the market.

Wholesale trade for March is due at 8:30 a.m. ET.

Dow Jones Industrial Average e-mini futures were up 0.21 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.15 percent and Nasdaq 100 e-mini futures were up 0.19 percent.

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Top Stories

The government of Argentina's San Juan province has approved a plan for improving Barrick Gold Corp's Veladero mine following its third spill of cyanide solution in 18 months and could allow full operations to resume in early June, a government official said.

Analyst Research Highlights

Toronto-Dominion Bank: Barclays raises to "equal weight" from "underweight"

Bank of Nova Scotia: Barclays raises to "overweight" from "equal weight"

Kelt Exploration Ltd: TD Securities cuts to "buy" from "action list buy"


Gold futures: $1,259.6; -0.14 pct

US crude: $50.84; -0.59 pct

Brent crude: $53.54; -0.61 pct

LME 3-month copper: $5,692.00; -0.19 pct

u.s. Economic Data Due on Tuesday

0945 Markit Composite Flash PMI for May: Prior 53.20

0945 Markit Manufacturing PMI Flash for May: Expected 53.0; Prior 52.8

0945 Markit Services PMI Flash for May: Expected 53.1; Prior 53.1

1000 New home sales-units for April: Expected 0.610 mln; Prior 0.621 mln

1000 New Home sales change mm for April: Expected -1.5 pct; Prior 5.8 pct

1000 Richmond Fed Composite Index for May: Prior 20

1000 Richmond Fed Services Index for May: Prior 22

1000 Richmond Fed Manufacturing Shipments for May: Prior 25

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$1.35) (Reporting by Sai Sharanya Khosla in Bengaluru)

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