CANADA STOCKS-TSX set to open higher as oil, gold advance
March 12 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Thursday, as oil and gold gained following a decline in the U.S. dollar.
March futures on the S&P TSX index were up 0.07 percent at 7:15 a.m. ET.
Fourth-quarter capacity utilization and new housing price index is due at 8:30 a.m. ET.
Canada's main stock index rebounded from recent sharp declines on Wednesday as a jump in the price of Brent crude oil helped support shares of energy producers.
Dow Jones Industrial Average e-mini futures were up 0.26 percent at 7:15 a.m. ET, S&P 500 e-mini futures were up 0.23 percent and Nasdaq 100 e-mini futures were up 0.25 percent. (Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)
Penn West Petroleum Ltd, one of Canada's largest conventional oil producers, reported a much bigger loss and cut its quarterly dividend for the second time in three months, hurt by lower production and a fall in crude prices.
About 1,000 construction workers employed by a contractor at Husky Energy Inc's Sunrise oil sands project were laid off unexpectedly on Wednesday, a union official confirmed.
COMMODITIES AT 7:15 a.m. ET Continued...