July 12 (Reuters) - Canada’s main stock index futures edged lower on Friday, over concerns about the Sino-U.S. trade war, while higher oil prices limited losses.
U.S. President Donald Trump said on Thursday that China was not living up to promises it made on buying agricultural products from American farmers as the world’s two largest economies work to resolve a trade dispute.
Oil prices hovered near six-week highs and was on track for a weekly gain as U.S. oil producers in the Gulf of Mexico cut more than half their output because of a tropical storm and as tensions continued to simmer in the Middle East.
September futures on the S&P/TSX index edged down 0.07% at 7:00 a.m. ET.
The Toronto Stock Exchange’s S&P/TSX fell 35.39 points, or 0.21 percent, to 16,527.90 on Thursday.
Dow Jones Industrial Average e-mini futures were up 0.32% at 7:00 a.m. ET, while S&P 500 e-mini futures were up 0.24% and Nasdaq 100 e-mini futures were up 0.28%.
Canada-based medical cannabis company CannTrust Holdings Inc said it suspended sales of cannabis products after the federal health regulator found the company sold marijuana produced in unlicensed facilities.
ANALYST RESEARCH HIGHLIGHTS
Alaris Royalty Corp: CIBC raises rating to outperform from neutral
Parkland Fuel Corp: CIBC raises target price to C$49.5 from C$48
Theratechnologies Inc: National Bank of Canada cuts rating to sector perform
COMMODITIES AT 7:00 a.m. ET
Gold futures: $1,409.4; +0.25%
US crude: $60.33; +0.22%
Brent crude: $66.77; +0.38%
U.S. ECONOMIC DATA DUE ON FRIDAY
0830 PPI final demand yy for Jun: Expected 1.6%; Prior 1.8%
0830 PPI final demand mm for Jun: Expected 0.0%; Prior 0.1%
0830 PPI exfood/energy yy for Jun: Expected 2.2%; Prior 2.3%
0830 PPI exfood/energy mm for Jun: Expected 0.2%; Prior 0.2%
0830 PPI ex food/energy/transport yy for Jun: Prior 2.3%
0830 PPI ex food/energy/transport mm for Jun: Prior 0.4%
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$1.30) (Reporting by Nachiket Tekawade in Bengaluru; Editing by Maju Samuel)
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