Jan 17 (Reuters) - Stock futures for Canada’s main stock index traded lower on Thursday pressured by a fall in oil prices, as U.S. crude production neared a record 12 million barrels per day in early January.
March futures on the S&P/TSX index were down 0.27 percent at 7:00 a.m. ET.
The Toronto Stock Exchange’s S&P/TSX closed up 64.98 points, or 0.43 percent, at 15,111.26 on Wednesday.
Dow Jones Industrial Average e-mini futures were down 0.28 percent at 7:00 a.m. ET, S&P 500 e-mini futures 0.32 percent and Nasdaq 100 e-mini futures 0.36 percent.
Husky Energy Inc said it will not extend its hostile bid for MEG Energy after failing to get sufficient support from the rival oil producer’s board and shareholders.
Kinder Morgan Canada Ltd said on Wednesday its quarterly profit from continuing operations more than doubled as the company benefited from strong performance in its pipeline and terminal business.
Bombardier Inc aims to make a decision this year on the future of its CRJ regional jet as it “aggressively” pursues new orders to secure its industrial future, the Canadian planemaker’s chief executive officer said on Wednesday.
ANALYST RESEARCH HIGHLIGHTS
Iamgold Corp: Canaccord Genuity cuts price target to C$8.5 from C$9.0
Park Lawn Corp: National Bank of Canada cuts price target to C$30 from C$32
COMMODITIES AT 7:00 a.m. ET
Gold futures: $1293.4; -0.03 percent
US crude: $51.53; -1.49 percent
Brent crude: $60.55; -1.26 percent
U.S. ECONOMIC DATA DUE ON THURSDAY
0830 Initial jobless claims: Expected 220,000; Prior 216,000
0830 Jobless claims 4-week average: Prior 221,750
0830 Continued jobless claims: Expected 1.735 mln; Prior 1.722 mln
0830 Philly Fed Business Index for Jan: Expected 10; Prior 9.4
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Canadian markets directory ($1 = C$1.33) (Reporting by Lisa Pauline Mattackal in Bengaluru; Editing by Shinjini Ganguli)
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