March 23, 2017 / 11:44 AM / 3 years ago

CANADA STOCKS-TSX futures rise ahead of U.S. healthcare vote

March 23 (Reuters) - Stock futures pointed to a higher opening for Canada’s main stock index on Thursday ahead of a key vote in the U.S. Congress on a healthcare bill that is seen as a litmus test of President Donald Trump’s ability to legislate.

Trump and U.S. House of Representatives leaders are pushing for votes for their plan to overhaul Obamacare, and said they were making progress in their efforts to win over conservative Republicans who have demanded changes to the legislation.

June futures on the S&P TSX index were up 0.19 percent at 7:10 a.m. ET.

No economic indicators are scheduled for release.

Canada’s main stock index ended slightly higher on Wednesday, with gains in energy, industrials and materials groups offsetting losses from financials as the market recovered from a large sell-off the day before.

Dow Jones Industrial Average e-mini futures were up 0.09 percent at 7:10 a.m. ET, while S&P 500 e-mini futures were up 0.22 percent and Nasdaq 100 e-mini futures were up 0.14 percent.

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Canada’s Liberal government unveiled a stay-the-course budget on Wednesday that targeted export growth and some measure of tax reform but did little to whittle away at deficits even as it backed off from an explicit pledge to improve the debt outlook.

The oil-rich Canadian province of Alberta has obtained federal aid to help clean up the rising number of oil wells whose owners have gone bankrupt, the province’s premier said after the release of the federal budget on Wednesday.

The new national budget unveiled Wednesday by Canadian Prime Minister Justin Trudeau’s Liberal government took aim at ride-sharing providers such as Uber Technologies Inc, looking to end a tax advantage they have over traditional taxi companies.


Amaya Inc: Desjardins raises target price to C$24.50

RMP Energy Inc: Raymond James cuts target price to C$0.75 from C$1

Yellow Pages Ltd: RBC cuts target price to C$9 from C$16


Gold futures: $1,247.7; -0.16 pct

US crude: $48.35; +0.65 pct

Brent crude: $50.96; +0.63 pct

LME 3-month copper: $5,823.00; +0.26 pct


08:30 Initial jobless claims: Expected 240,000; Prior 241,000

08:30 Jobless claims 4-week average: Prior 237,250

08:30 Continued jobless claims: Expected 2.035 mln; Prior 2.030 mln

10:00 New home sales-units for Feb: Expected 0.565 mln; Prior 0.555 mln

10:00 New home sales change mm for Feb: Expected 0.7 pct; Prior 3.7 pct

11:00 KC Fed Manufacturing for Mar: Expected 11; Prior 11

11:00 KC Fed Composite Index for Mar: Prior 14


TSX market report

Canadian dollar and bonds report

Reuters global stocks poll for Canada

Canadian markets directory ($1= C$1.33)

Reporting by Astha Rawat in Bengaluru; Editing by Anil D'Silva

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