CANADA STOCKS-TSX set to open higher as oil, gold advance

Thu Mar 12, 2015 7:28am EDT
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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; The Day Ahead newsletter


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...