Aug 24 (Reuters) - Futures pointed to a higher opening for Canada’s main stock index on Friday as oil prices rose, supported by signs that U.S. sanctions on Iran are reducing golabl crude supply.
September futures on the S&P/TSX index were up 0.41 percent at 7:15 a.m. ET.
The Toronto Stock Exchange’s S&P/TSX closed down on Thursday.
Dow Jones Industrial Average e-mini futures were up 0.24 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.23 percent and Nasdaq 100 e-mini futures were up 0.28 percent.
Enbridge Inc said it would buy its U.S. master limited partnership Spectra Energy Partners for a sweetened $3.3 billion deal.
An Air Canada Boeing 777 made a safe emergency landing with no injuries at Tokyo’s Haneda airport after reporting engine trouble, a Japanese transport ministry official said.
ANALYST RESEARCH HIGHLIGHTS
Canadian Imperial Bank Of Commerce: bmo raises price target to C$135 from C$130 Baytex Energy Corp : CIBC raises to outperform from neutral
Just Energy Group Inc : RBC cuts target price to C$5 from C$6
COMMODITIES AT 7:15 a.m. ET
Gold futures: $1199; rose 0.42 percent
US crude: $68.65; rose 1.21 percent
Brent crude: $75.6; rose 1.16 percent
LME 3-month copper: $6043.5; rose 0.95 percent
U.S. ECONOMIC DATA DUE ON FRIDAY
0830 Durable goods for July: Expected -0.5 pct; Prior 0.8 pct
0830 Durables ex-transport for July: Expected 0.5 pct; Prior 0.2 pct
0830 Durables ex-defense mm for July: Expected 0.8 pct; Prior 1.3 pct
0830 Nondefense capital ex-air for July: Expected 0.4 pct; Prior 0.2 pct
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$1=C$1.31 1 Canadian dollar = $0.7660 Reporting by Swathi Nair in Bengaluru
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