Dec 28 (Reuters) - Futures for Canada’s main stock index rose on Friday, as oil prices bounced back from the previous session’s steep losses.
March futures on the S&P/TSX index were up 0.72 percent at 7:07 a.m. ET.
The Toronto Stock Exchange S&P/TSX composite index closed up 385.02 points, or 2.79 percent, at 14,165.21 on Thursday.
Oil prices rebounded, recovering slightly from heavy losses this week, but remained close to the lowest levels in over a year as rising U.S. inventories and concern over global economic growth rattled markets.
Dow Jones Industrial Average e-mini futures were up 0.53 percent at 7:16 a.m. ET, while S&P 500 e-mini futures were up 0.51 percent and Nasdaq 100 e-mini futures were up 0.4 percent.
Canadian cannabis producer Aphria Inc said that Green Growth Brands Ltd’s proposed C$2.8 billion ($2.06 billion) all-stock hostile bid undervalued the company.
ANALYST RESEARCH HIGHLIGHTS
Husky Energy Inc: Eight Capital cuts target price to C$20 from C$22
COMMODITIES AT 7:22 a.m. ET
Reuters/CRB Index Total Return: 176.5666; fell 0.03 percent
Gold futures: $1281.2; rose 0.01 percent
US crude: $45.04; rose 0.96 percent
Brent crude: $52.26; rose 0.19 percent
U.S. ECONOMIC DATA DUE ON FRIDAY
0945 Chicago PMI for Dec: Expected 62.0; Prior 66.4
1000 Pending Homes Index for Nov: Prior 102.1
1000 Pending Homes Sales mm for Nov: Expected 0.7 pct, Prior -2.6 pct
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Canadian dollar and bonds report
Reuters global stocks poll for Canada
Canadian markets directory ($1 = C$1.36) (Reporting by Sourav Bose in Bengaluru; Editing by Shounak Dasgupta)
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