May 28 (Reuters) - Stock futures pointed to a flat opening for Canada’s main stock index on Monday even as oil prices extended losses as Saudi Arabia and Russia said they may raise output.
June futures on the S&P TSX index were down 0.03 percent at 7:15 a.m. ET.
The Toronto Stock Exchange’s S&P/TSX fell 37.95 points, or 0.24 percent, to 16,075.67 on Friday, its fourth straight decline, as a drop in oil prices weighed on the energy sector.
Bombardier Inc said on Monday it had completed the sale of 30 CS300 aircraft to Latvia’s Air Baltic Corp, valuing the firm order at about $2.9 billion based on the list price.
WestJet Airlines pilots who fly for the Canadian company’s budget carrier Swoop will now be unionized, a concession which resolves a key obstacle in a labor dispute with the airline, a negotiator with the Air Line Pilots Association (ALPA) said.
COMMODITIES AT 7:15 a.m. ET
Gold futures: $1,297.5; -0.48 pct
US crude: $66.64; -1.83 pct
Brent crude: $75.23; -1.58 pct
LME 3-month copper: $6885; 0.07 pct
ANALYST RESEARCH HIGHLIGHTS
CAE Inc: CIBC raises price target to C$27 from C$24.
Yamana Gold Inc: Canaccord Genuity cuts price target to C$5.75 from C$6.
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$1.30 Reporting by Benny Thomas in Bengaluru Editing by James Dalgleish
Our Standards: The Thomson Reuters Trust Principles.