Dec 5 (Reuters) - Canada’s main stock index futures rose on Thursday, helped by gains in oil prices ahead of an OPEC meeting where members are expected to agree on increasing production cuts.
December futures on the S&P/TSX index were up 0.17% at 7:00 a.m. ET.
Canada’s trade balance data is due at 08:30 a.m ET and Ivey Purchasing Managers Index data is due at 10:00 a.m. ET.
The Toronto Stock Exchange’s S&P/TSX composite index closed up 0.03% at 16,897.34 on Wednesday.
Dow Jones Industrial Average e-mini futures were up 0.39% at 7:00 a.m. ET, while S&P 500 e-mini futures were up 0.37% and Nasdaq 100 e-mini futures were up 0.48%.
TD Bank Group reported a 3.5% fall in fourth-quarter profit on Thursday, as Canada’s second-biggest lender by market value was hurt by higher provisions for loan losses and a restructuring charge.
Canadian Imperial Bank of Commerce reported quarterly profit that fell short of analysts’ estimates, hurt by higher provision for bad loans and slower growth at its domestic banking business.
Caltex Australia’s top executives said they would work with a Canadian suitor to elicit a higher takeover offer after earlier rejecting its A$8.61 billion ($5.84 billion) approach for the petrol pump and convenience store operator.
ANALYST RESEARCH HIGHLIGHTS
Dollarama Inc: National Bank of Canada cuts target price to C$51 from C$52
National Bank of Canada: Canaccord Genuity raises target price to C$72.50 from C$68.50
Royal Bank of Canada: Scotiabank cuts target price to C$114 from C$117
COMMODITIES AT 7:00 a.m. ET
Gold futures: $1477.2; -0.02 percent
US crude: $58.76; +0.56 percent
Brent crude: $63.66; +1.05 percent
U.S. ECONOMIC DATA DUE ON THURSDAY
0730 Challenger layoffs for Nov: Prior 50,275
0830 International trade for Oct: Expected -$48.7 bln; Prior -$52.5 bln
0830 Goods trade balance (R) for Oct: Prior -$66.53 bln
0830 Initial jobless claims : Expected 215,000; Prior 213,000
0830 Jobless claims 4-week average : Prior 219,750
0830 Continued jobless claims : Expected 1.650 mln; Prior 1.640 mln
1000 Durables ex-defense, R mm for Oct: Prior 0.1%
1000 Durable goods, R mm for Oct: Prior 0.6%
1000 Factory orders mm for Oct: Expected 0.3%; Prior -0.6%
1000 Durables ex-transport R mm for Oct: Prior 0.6%
1000 Nondefense cap ex-air R mm for Oct: Prior 1.2%
1000 Factory ex-transport mm for Oct: Prior -0.1%
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($1 = C$1.33)
Reporting by Siddharth Athreya V; Editing by Arun Koyyur
Our Standards: The Thomson Reuters Trust Principles.