April 28, 2016 / 11:33 AM / a year ago

CANADA STOCKS-Futures down as oil prices fall

April 28 (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index on Thursday as oil prices fell after hitting a 2016 high on Wednesday.

June futures on the S&P TSX index were down 0.70 percent at 7:30 a.m. ET.

No major economic events are scheduled for the day.

Canada's main stock index rose on Wednesday as higher oil prices supported energy stocks, while financial and materials stocks also advanced after the Federal Reserve kept interest rates unchanged.

Dow Jones Industrial Average e-mini futures were down 0.81 percent at 7:30 a.m. ET, while S&P 500 e-mini futures were down 0.74 percent and Nasdaq 100 e-mini futures were down 0.45 percent.

(Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)

TOP STORIES

Potash Corp of Saskatchewan , the world's biggest fertilizer company by capacity, cut its full-year profit forecast due to weak demand and lower prices.

Bombardier Inc announced on Thursday a much-anticipated order from Delta Air Lines for up to 125 of its CSeries passenger jets, throwing a lifeline to the Canadian company, which also reported a quarterly loss.

Drugmaker Valeant Pharmaceuticals International Inc is expected to name four new directors as soon as Friday, the Wall Street Journal reported.

COMMODITIES AT 7:30 a.m. ET

Gold futures : $1,254.80; +0.42 pct

US crude : $45.16; -0.35 pct

Brent crude : $47.09; -0.17 pct

LME 3-month copper : $4,882.05; -0.42 pct

ANALYST RESEARCH HIGHLIGHTS

Cenovus Energy Inc : Barclays raises target price to C$20 from C$19; rating underweight

Open Text Corp : Barclays cuts target price to C$71 from C$78; rating overweight

CGI Group Inc : BMO raises price target to C$64 from C$63; rating outperform

U.S. ECONOMIC DATA DUE ON THURSDAY

0830 GDP advance for Q1: Expected 0.7 pct; Prior 1.4 pct

0830 GDP sales advance for Q1: Expected 0.8 pct; Prior 1.6 pct

0830 GDP cons spending advanced for Q1: Prior 2.4 pct

0830 GDP deflator advance for Q1: Expected 0.6 pct; Prior 0.9 pct

0830 Core PCE prices advance for Q1: Expected 1.9 pct; Prior 1.3 pct

0830 PCE prices advance for Q1: Expected 0.2 pct; Prior 0.3 pct

0830 Initial jobless claims: Expected 260,000; Prior 247,000

0830 Jobless claims 4-week average: Prior 260,500

0830 Continued jobless claims: Expected 2.137 mln; Prior 2.137 mln

1100 KC Fed Manufacturing for Apr: Prior -14

1100 KC Fed Composite Index for Apr: Prior -6

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$1.26 Reporting by Anjali James in Bengaluru; Editing by Maju Samuel

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