Oct 17 (Reuters) - Futures for Canada’s main stock index were marginally lower on Thursday, as a drop in oil prices led to losses in energy shares.
Oil slipped below $80 a barrel as an increase in U.S. crude inventories suggested ample supply, while Saudi-U.S. tension and falling Iranian exports lent support.
December futures on the S&P/TSX index were slightly down 0.08 percent at 7:10 a.m. ET.
The Toronto Stock Exchange S&P/TSX composite index closed down 49.84 points, or 0.32 percent, at 15,529.90 on Wednesday.
Dow Jones Industrial Average e-mini futures were down 0.26 percent at 7:10 a.m. ET, while S&P 500 e-mini futures were down 0.36 percent and Nasdaq 100 e-mini futures were down 0.48 percent.
Kinder Morgan Canada Ltd’s third-quarter profit surged as it recorded a one-time gain of C$1.31 billion from the sale of its TransMountain pipeline.
Private equity giant Blackstone Group has quit a takeover battle for Australian office-block owner Investa Office Fund after it was gazumped by Canadian landlord Oxford Properties Group’s A$3.35 billion bid.
ANALYST RESEARCH HIGHLIGHTS
Calfrac Well Services Ltd: JP Morgan cuts rating to underweight from neutral
Imperial Oil Ltd: National Bank of Canada raises price target to C$46 from C$45
Kinder Morgan Canada Ltd: CIBC cuts price target to C$16 from C$17
COMMODITIES AT 7:10 a.m. ET
Gold futures: $1223.9; fell 0.07 percent
US crude: $69.09; fell 0.95 percent
Brent crude: $79.18; fell 1.09 percent
U.S. ECONOMIC DATA DUE ON THURSDAY
0830 Initial jobless claims for 13 Oct: Expected 212,000; Prior 214,000
0830 Jobless claims 4-week average for 13 Oct: Prior 209,500
0830 Continued jobless claims for 06 Oct: Expected 1.665mln; Prior 1.660 mln
0830(approx) Philly Fed Business Index for Oct: Expected 20.0; Prior 22.9
0830(approx) Philly Fed 6M Index for Oct: Prior 36.30
0830(approx) Philly Fed Capex Index for Oct: Prior 26.70
0830(approx) Philly Fed Employment for Oct: Prior 17.60
0830(approx) Philly Fed Prices Paid for Oct: Prior 39.60
0830(approx) Philly Fed New Orders for Oct: Prior 21.40
1000 Leading index change mm for Sep: Expected 0.5 pct; Prior 0.4 pct
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Canadian markets directory ($1 = C$1.30) (Reporting by Sourav Bose in Bengaluru; Editing by Arun Koyyur)
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