July 6, 2018 / 11:31 AM / 2 years ago

CANADA STOCKS-TSX futures down as oil slips due to Saudi boost, trade war

July 6 (Reuters) - Futures pointed to a lower opening for Canada’s main stock index on Friday as oil prices dipped due to higher output from top exporter Saudi Arabia and under pressure from a trade war between the United States and China.

Oil slipped towards $77 a barrel after Saudi Arabia told OPEC it raised production by almost 500,000 barrels per day last month.

September futures on the S&P/TSX index were down 0.37 percent at 7:15 a.m. ET.

Employment change data and trade balance numbers are due at 08:30 a.m. ET

The Toronto Stock Exchange’s S&P/TSX fell 38.11 points, or 0.23 percent, to 16,266.61 on Thursday.

Dow Jones Industrial Average e-mini futures were down 0.32 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were down 0.17 percent and Nasdaq 100 e-mini futures were down 0.22 percent.


Boeing Co struck a deal for a controlling stake in the commercial aircraft arm of Brazilian planemaker Embraer SA under a new $4.75 billion joint venture, the firms said on Thursday, reshaping a global passenger jet duopoly.

WestJet Airlines Ltd on Thursday named industry veteran Charles Duncan as its chief strategy officer, effective Aug. 1.

Canadian Prime Minister Justin Trudeau, a supporter of feminist causes, on Thursday conceded for the first time that he had apologized in 2000 to a woman who accused him of groping her but insisted he did not feel he had done anything wrong.


Canopy Growth Corp: Eight Capital raises price target to C$50 from C$40

CI Financial Corp: TD Securities cuts price target to C$25 from C$27


Gold futures: $1255.9; fell 0.23 percent

US crude: $72.34; fell 0.82 percent

Brent crude: $76.68; fell 0.92 percent

LME 3-month copper: $6310.5; fell 0.54 percent


0830 Non-Farm payrolls for June: Expected 195,000; Prior 223,000

0830 Private payrolls for June: Expected 190,000; Prior 218,000

0830 Manufacturing payrolls for June: Expected 15,000; Prior 18,000

0830 Government payrolls for June: Prior 5,000

0830 Unemployment rate for June: Expected 3.8 pct; Prior 3.8 pct

0830 Average earnings mm for June: Expected 0.3 pct; Prior 0.3 pct

0830 Average earnings yy for June: Expected 2.8 pct; Prior 2.7 pct

0830 Average workweek hours for June: Expected 34.5 hours; Prior 34.5 hours

0830 Labor force participation for June: Prior 62.7 pct

0830 U6 underemployment for June: Prior 7.6 pct

0830 International trade for May: Expected -$43.7 bln; Prior -$46.2 bln

0830 Goods trade balance (R) for May: Prior -64.85 bln


TSX market report

Canadian dollar and bonds report

Reuters global stocks poll for Canada

Canadian markets directory ($1= C$1.31) (Reporting by Debanjan Bose in Bengaluru; Editing by Arun Koyyur)

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