July 17, 2017 / 11:21 AM / a month ago

CANADA STOCKS-Futures edge higher as oil prices rise

2 Min Read

July 17 (Reuters) - Canadian stock futures were slightly higher on Monday as oil rose to $49 a barrel, extending gains made last week on signs of lower U.S. inventories and stronger demand.

September futures on the S&P TSX index were up 0.08 percent at 7:15 a.m. ET.

Foreign securities data is due at 8:30 a.m. ET.

Canada's main stock index rose on Friday as gold stocks, burnished by a jump in gold prices, and certain energy and telecom names led broad gains.

Dow Jones Industrial Average e-mini futures were up 0.09 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.08 percent and Nasdaq 100 e-mini futures were up 0.18 percent.

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Top Stories

Canada's fund managers are set to plow more money into shares of cyclical, industrial and technology companies as the Bank of Canada hikes interest rates, and to allocate a greater share of their bond portfolio to short-term corporate debt.

Analyst Research Highlights

CRH Medical Corp: RBC cuts target price to C$8.50 from C$10


Gold futures: $1,229.9; +0.27 pct

US crude: $46.55; +0.02 pct

Brent crude: $48.99; +0.16 pct

LME 3-month copper: $5,983.50; +0.97 pct

u.s. Economic Data Due on Monday

0830 New York Fed Manufacturing for July: Expected 15.00; Prior 19.80

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$1.27) (Reporting by Riniki Sanyal in Bengaluru; Editing by Shounak Dasgupta)

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