Jan 31 (Reuters) - Futures for Canada’s main stock index rose on Thursday, as oil prices strengthened after data showed signs of tightening supply in the United States.
March futures on the S&P/TSX index were up 0.18 percent at 6:55 a.m. ET.
GDP data for November, producer prices and raw materials data for December are due at 08:30 a.m. ET.
The Toronto Stock Exchange S&P/TSX composite index closed up 21.41 points, or 0.14 percent, at 15,484.55 on Wednesday.
Dow Jones Industrial Average e-mini futures were down 0.1 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.07 percent and Nasdaq 100 e-mini futures were up 0.42 percent.
The Canadian province of Alberta will ease oil cut in February and March, earlier than expected, saying on Wednesday that its rare step to limit production had eased a glut of crude.
ANALYST RESEARCH HIGHLIGHTS
Canadian National Railway Co: JP Morgan raises target price to C$119 from C$116.
Imperial Oil Ltd: Morgan Stanley cuts target price to C$42 from C$51.
MEG Energy Corp: Morgan Stanley raises rating to overweight from equal-weight.
COMMODITIES AT 6:55 a.m. ET
Gold futures: $1,325; +0.93 percent
US crude: $54.26; +0.06 percent
Brent crude: $62; +0.57 percent
U.S. ECONOMIC DATA DUE ON THURSDAY
0730 Challenger layoffs for Jan : Prior 43,884
0830 Initial jobless claims : Expected 215,000; Prior 199,000
0830 Jobless claims 4-week average : Prior 215,000
0830 Continued jobless claims : Prior 1,713 mln
0830 Employment wages QQ for Q4: Prior 0.9 pct
0830 Employment benefits QQ for Q4: Prior 0.4 pct
0830 Employment costs for Q4: Expected 0.8 pct; Prior 0.8 pct
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$1 = C$1.31 Reporting by Siddharth Athreya V in Bengaluru; Editing by James Emmanuel
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