Oct 23 (Reuters) - Futures for Canada’s main stock index fell on Tuesday, as Saudi Arabia’s pledge to supply more crude quickly if needed dragged down crude oil prices.
December futures on the S&P/TSX index were down 0.8 percent at 6:55 a.m. ET.
Toronto Stock Exchange S&P/TSX composite index closed down 57.40 points, or 0.37 percent, at 15,412.70 on Monday.
Dow Jones Industrial Average e-mini futures were down 1.0 percent at 6:55 a.m. ET, while S&P 500 e-mini futures were down 1.2 percent and Nasdaq 100 e-mini futures were down 1.4 percent.
Canada’s FSD Pharma Inc signed a letter of intent to acquire Israel’s Therapix Biosciences Ltd for $48 million in stock, combining two complementary businesses focused on the research and development of cannabinoid treatments.
ANALYST RESEARCH HIGHLIGHTS
Ascendant Resources Inc: Canaccord Genuity cuts rating to hold from buy.
Genworth Mi Canada Inc: CIBC cuts price target to C$45 from C$48.50
TFI International Inc: National Bank Of Canada raises target price to C$50 from C$49
COMMODITIES AT 6:55 a.m. ET
Gold futures: $1234.7; +1.04 percent
US crude: $68.21; -1.66 percent
Brent crude: $78.21; -2.03 percent
U.S. ECONOMIC DATA DUE ON TUESDAY
1000 Rich Fed Composite Index for Oct: Prior 29
1000 Rich Fed Services Index for Oct: Prior 18
1000 Rich Fed Manufacturing Shipments for Oct: Prior 33
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$1.32) (Reporting by Yoganand KN in Bengaluru; Editing by Sriraj Kalluvila)
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