Stock futures pointed to a higher opening for Canada’s main stock index on Wednesday.
June futures on the S&P TSX index were up 0.22 percent at 7.15 a.m. ET.
No economic events scheduled for the day
Canada’s main stock index advanced to its highest in more than a month on Tuesday, lifted by gains among its biggest banks and some major energy companies as oil prices climbed.
Dow Jones Industrial Average e-mini futures were up 0.07 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.08 percent and Nasdaq 100 e-mini futures were up 0.05 percent. (Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)
The Canadian government would like to finalize specifications for a new version of the tank cars used to transport crude oil by rail by the end of this month, Canadian Transport Minister Lisa Raitt said on Tuesday.
Canadian insurer Manulife Financial Corp is close to an about $1 billion deal to sell products through Singapore lender DBS Group Holdings Ltd’s branch network across Asia, a person with direct knowledge of the matter said.
COMMODITIES AT 7:15 a.m. ET
Gold futures : $1210.8; rose 0.02 percent
US crude : $52.77; fell 2.24 percent
Brent crude : $58.21; fell 1.51 percent
LME 3-month copper : $6041; fell 0.04 percent
ANALYST RESEARCH HIGHLIGHTS
Teck Resources : Paradigm Capital cuts target price to C$26 from C$28.50
CGI Group Inc : RBC raises target price to C$60 from C$54
U.S. ECONOMIC DATA DUE ON WEDNESDAY
14:00 The Federal Reserve releases minutes from its March 17-18 monetary policy meeting
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