Jan 8 (Reuters) - Futures for Canada’s main stock index rose on Wednesday, helped by gains in oil prices.
March futures on the S&P/TSX index were up 0.22 percent at 7:00 a.m. ET.
Bank of Canada is expected to announce its decision on interest rate at 10:00 a.m. ET. Meanwhile, Canadian housing starts data is expected at 8:15 a.m. ET.
Toronto Stock Exchange S&P/TSX composite index closed up 101.02 points, or 0.70 percent, at 14,605.15, on Tuesday.
Dow Jones Industrial Average e-mini futures were up 0.26 percent at 7:00 a.m. ET, while S&P 500 e-mini futures were up 0.19 percent and Nasdaq 100 e-mini futures were up 0.29 percent.
Canadian oil and gas producer Husky Energy Inc said on Tuesday it would conduct a strategic review and is considering a sale of its non-core downstream assets.
Pan American Silver Corp’s $1.07 billion cash-and-stock offer to buy rival Tahoe Resources Inc was approved by shareholders of both companies on Tuesday, putting responsibility for Guatemala’s troubled Escobal mine in the hands of a new owner.
ANALYST RESEARCH HIGHLIGHTS
Quebecor Inc: RBC raises price target to C$34 from C$33.
Rogers Communications Inc: RBC raises price target to C$73 from C$70.
COMMODITIES AT 7:00 a.m. ET
Gold futures: $1,281.9; -0.31 percent
US crude: $50.9: +2.25 percent
Brent crude: $59.93; +2.06 percent
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$1.32) (Reporting by Lisa Pauline Mattackal in Bengaluru; Editing by James Emmanuel)
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