April 19, 2016 / 11:22 AM / a year ago

CANADA STOCKS-Futures up as oil prices rise

3 Min Read

April 19 (Reuters) - Canadian stock futures opened higher on Tuesday, helped by a 2 percent rise in oil prices partly due to a workers' strike in Kuwait.

June futures on the S&P TSX index were up 0.47 percent at 7:15 a.m. ET.

No major economic releases are scheduled for the day.

Canada's main stock index rose to a five-month high on Monday as energy stocks rallied after oil pared losses, while mining and financial sector stocks also advanced.

Dow Jones Industrial Average e-mini futures were up 1.4 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 1.8 percent and Nasdaq 100 e-mini futures were up 0.7 percent.

(Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)

Top Stories

As Valeant Pharmaceuticals considers a multibillion-dollar auction to pare down $30 billion in debt, its challenge will be choosing which assets to sell without compromising any of its key businesses, analysts and investment bankers said.

Rogers Communications Inc spent heavily to get smartphones to its wireless customers and could not add enough Internet business to offset shrinkage of its television and landline phone business, contributing to a slip in earnings reported on Monday.

Tech companies should comply with lawful requests to access protected data, BlackBerry Chief Executive John Chen said on Monday, in thinly veiled criticism of rival Apple Inc for its recent standoff with the FBI.


Gold futures : $1,242; +0.68 pct

US crude : $40.34; +1.41 pct

Brent crude : $43.68; +1.75 pct

LME 3-month copper : $4,793.50; -0.69 pct

Analyst Research Highlights

Teck Resources Ltd : CLSA cuts to sell from underperform

Rogers Communications Inc : CIBC cuts target price to C$53 from C$54

u.s. Economic Data Due on Tuesday

0830 Building permits for Mar: Expected 1.200 mln; Prior 1.177 mln

0830 Build permits: change mm for Mar: Prior -2.2 pct

0830 Housing starts mm for Mar: Expected 1.170 mln; Prior 1.178 mln

0830 House starts mm: change for Mar: Prior 5.2 pct

0855 Redbook mm : Prior -2.8 pct

0855 Redbook yy: Prior 1.1 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$1.27 Reporting by Anjali James in Bengaluru; Editing by Maju Samuel

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