CANADA STOCKS--TSX set to open higher as oil prices recover

Thu Feb 5, 2015 7:34am EST
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Feb 5 (Reuters) - Stock futures pointed to a higher start for Canada's main stock index on Thursday, with energy stocks set to rise as oil prices rebound.

March futures on the S&P TSX index were up 0.39 percent at 7.15 a.m. ET.

Trade balance data for December is due at 8.30 a.m. ET

Canada's main stock index fell on Wednesday, pulled down by a drop in shares of oil and gas producers after a report showing a jump in U.S. crude inventories weighed on oil prices.

Dow Jones Industrial Average e-mini futures were up 0.59 percent at 7.15 a.m. ET, while S&P 500 e-mini futures were up 0.73 percent and Nasdaq 100 e-mini futures were up 0.48 percent. (Morning News Call newsletter; The Day Ahead newsletter


Suncor Energy Inc, Canada's largest oil and gas company, reported on Wednesday a fall of more than 80 percent in quarterly profit, hit by the slide in oil prices and weaker output from its Alberta oil sands operations.

Canadian oil sands producer MEG Energy Corp reported a quarterly operating profit, compared with a loss a year earlier, helped by an increase in bitumen sales and higher prices.   Continued...