April 8 (Reuters) - Stock futures for Canada’s main stock index edged higher on Monday, as crude oil prices rose to their highest level since November 2018 on OPEC supply cuts, U.S. sanctions against Iran and Venezuela and fighting in Libya.
June futures on the S&P/TSX index were up 0.05 percent at 7:00 a.m. ET.
The Canadian Mortgage and Housing Corp is expected to report housing starts data at 8:15 a.m. ET. Canadian building permits data for February is also scheduled for release at 8:30 a.m. ET.
The Toronto Stock Exchange’s S&P/TSX closed up 84.54 points, or 0.52 percent, at 16,396.15 on Friday.
Dow Jones Industrial Average e-mini futures were down 0.31 percent at 7:00 a.m. ET, while S&P 500 e-mini futures were down 0.12 percent and Nasdaq 100 e-mini futures were down 0.1 percent.
The leader of Canada’s opposition Conservative Party said on Sunday that Prime Minister Justin Trudeau threatened to sue him for libel over statements made about a scandal that has dogged Trudeau and his ruling Liberal Party for two months.
ANALYST RESEARCH HIGHLIGHTS
Corus Entertainment Inc: CIBC raises price target to C$9 from C$8
George Weston Ltd: CIBC raises price target to C$113 from C$109
MEG Energy: National Bank of Canada raises rating to “outperform” from “sector perform”.
COMMODITIES AT 7:00 a.m. ET
Gold futures: $1298.3; +0.44 percent
US crude: $63.39; +0.49 percent
Brent crude: $70.69; +0.5 percent
U.S. ECONOMIC DATA DUE ON MONDAY
1000 Employment Trends for Mar: Prior 111.2
1000 Durables ex-defense, R mm for Feb: Prior -1.9 pct
1000 Durable goods, R mm for Feb: Prior -1.6 pct
1000 Factory orders mm for Feb: Expected -0.6 pct; Prior 0.1 pct
1000 Durables ex-transport R mm for Feb: Prior 0.1 pct
1000 Nondefense cap ex-air R mm for Feb: Prior -0.1 pct
1000 Factory ex-transport mm for Feb: Prior -0.2 pct
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$1.34 Reporting by Lisa Pauline Mattackal in Bengaluru; Editing by Sriraj Kalluvila
Our Standards: The Thomson Reuters Trust Principles.