Dec 13 (Reuters) - Stock futures pointed to a higher opening for Canada’s main stock index on Wednesday as oil prices rose after industry data showed a larger-than-expected drawdown in U.S. crude stockpiles.
December futures on the S&P TSX index were up 0.1 percent at 7:15 a.m. ET.
The Toronto Stock Exchange’s S&P/TSX composite index inched higher on Tuesday, helped by gains among materials stocks and financial names, while lower oil prices weighed on energy companies.
Dow Jones Industrial Average e-mini futures were down 0.01 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were down 0.03 percent and Nasdaq 100 e-mini futures were up 0.1 percent.
The Thomson Reuters/Ipsos Primary Consumer Sentiment Index is due at 11:00 a.m. ET.
The Ontario Securities Commission on Tuesday scheduled a hearing on CanniMed Therapeutics’ request to intervene in a hostile takeover bid by bigger rival Aurora Cannabis Inc on Dec. 20.
Opponents of TransCanada Corp’s proposed Keystone XL oil pipeline argued on Tuesday that regulators in Nebraska had no authority to approve the line’s “alternative” path through the state and that the project should be considered dead.
ANALYST RESEARCH HIGHLIGHTS
MTY Food Group Inc: TD Securities raises target price to C$49 from C$46
Advantage Oil & Gas Ltd: RBC cuts target price to C$8 from C$9; rating sector perform
Stelco Holdings Inc: Credit Suisse starts with “outperform” and a C$24 target price
COMMODITIES AT 7:15 a.m. ET
Gold futures: $1239.8; +0.1 percent
US crude: $57.45; +0.54 percent
Brent crude: $63.69; +0.55 percent
LME 3-month copper: $6729.5; +1 percent
U.S. ECONOMIC DATA DUE ON WEDNESDAY
0830 Core CPI mm, SA for Nov: Expected 0.2 pct; Prior 0.2 pct
0830 Core CPI yy, NSA for Nov: Expected 1.8 pct; Prior 1.8 pct
0830 CPI Index, NSA for Nov: Expected 246.805; Prior 246.663
0830 Core CPI Index, SA for Nov: Prior 253.43
0830 CPI mm, SA for Nov: Expected 0.4 pct; Prior 0.1 pct
0830 CPI yy, NSA for Nov: Expected 2.2 pct; Prior 2.0 pct
0830 Real weekly earnings mm for Nov: Expected 0.0 pct; Prior -0.1 pct
1100 Cleveland fed CPI for Nov: Prior 0.3 pct
1100 TR IPSOS PCSI for Dec: Prior 60.55
1400 Fed funds target rate: Expected 1.375 pct; Prior 1.125 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$1.29 Reporting By Nachiket Tekawade in Bengaluru; Editing by Savio D’Souza
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