Feb 3 Canada's main stock index was set to open
higher on Friday, tracking gains in oil prices which edged
higher on a threat of U.S. issuing new Iran sanctions.
President Donald Trump said on Thursday that "nothing is off
the table" in dealing with Iran following its test launch of a
ballistic missile, and his fellow Republicans in Congress said
they would back him up with new sanctions.
March futures on the S&P TSX index were up 0.2
percent at 7:15 a.m. ET.
Canada's main stock index edged slightly lower on Thursday
as investors weighed a more uncertain trade outlook, with losses
for the financial and telecom groups offsetting gains for
No major Canadian economic releases are scheduled.
Dow Jones Industrial Average e-mini futures were up
0.21 percent at 7:15 a.m. ET, while S&P 500 e-mini futures
were up 0.16 percent and Nasdaq 100 e-mini futures
were up 0.1 percent.
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Canada's energy sector could find itself more favored than
other industries when it comes time to renegotiating the North
American Free Trade Agreement, Canadian Minister of Natural
Resources Jim Carr said on Thursday.
Canadian and European oil companies will find themselves at
a competitive disadvantage to their American rivals if U.S.
lawmakers scrap tighter transparency requirements on the
industry, as expected, according to company executives, legal
experts and trade groups.
Crews have nearly finished cleaning up 35 barrels of crude
oil that leaked from a pipeline at a facility owned by Tundra
Energy Marketing Ltd in southeastern Saskatchewan, Canada's
energy regulator said on Thursday.
ANALYST RESEARCH HIGHLIGHTS
Agnico Eagle Mines Ltd : Canaccord Genuity raises
target price to C$77 from C$75
Goldcorp Inc : Canaccord Genuity cuts rating to "hold"
Silver Wheaton Corp : Canaccord Genuity raises
target price to C$38 from C$37
COMMODITIES AT 7:15 a.m. ET
Gold futures : $1210.9; -0.48 percent
US crude : $53.72; +0.34 percent
Brent crude : $56.77; +0.37 percent
LME 3-month copper : $5846; -0.68 percent
U.S. ECONOMIC DATA DUE ON FRIDAY
0830 Non-farm payrolls for Jan: Expected 175,000; Prior
0830 Private payrolls for Jan: Expected 169,000; Prior
0830 Manufacturing payrolls for Jan: Expected 4,000; Prior
0830 Government payrolls for Jan: Prior 12,000
0830 Unemployment rate for Jan: Expected 4.7 pct; Prior 4.7
0830 Average earnings mm for Jan: Expected 0.3 pct; Prior
0830 Average workweek hours for Jan: Expected 34.3 hrs;
Prior 34.3 hrs
0830 Labor force participation for Jan: Prior 62.7 pct
0830 U6 underemployment for Jan: Prior 9.2 pct
0945 Markit Composite Final PMI for Jan: Prior 55.4
0945 Markit Services PMI Final for Jan: Prior 55.1
1000 Durables ex-defense, R mm for Dec: Prior 1.7 pct
1000 Durable goods, R mm for Dec: Prior -0.4 pct
1000 Factory orders mm for Dec: Expected 1.0 pct; Prior -2.4
1000 Durables ex-transport R mm for Dec: Prior 0.5 pct
1000 Nondefense cap ex-air R mm for Dec: Prior 0.8 pct
1000 Factory ex-transport mm for Dec: Prior 0.1 pct
1000 ISM N-Manufacturing PMI for Jan: Expected 57.0; Prior
1000 ISM N-Manufacturing Business Activity for Jan: Expected
61.2; Prior 60.9
1000 ISM N-Manufacturing Employment Index for Jan: Prior
1000 ISM N-Manufacturing New Orders Index for Jan: Prior
1000 ISM N-Manufacturing Price Paid Index for Jan: Prior
1700 Domestic car sales for Jan: Expected 5.20 mln; Prior
1700 Domestic truck sales for Jan: Expected 8.90 mln; Prior
1700 Total vehicle sales for Jan: Expected 17.55 mln; Prior
1700 All car sales for Jan: Prior 7.26 mln
1700 All truck sales for Jan: Prior 11.17 mln
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report
Canadian dollar and bonds report
Reuters global stocks poll for Canada
Canadian markets directory
(Reporting by Shradha Singh in Bengaluru; Editing by Maju