June 5 (Reuters) - Canadian stocks looked set to open lower on Thursday, with June futures on the S&P TSX index <0#SXF:> down 0.18 percent at 0715 ET.
The index rose to its highest in almost six years on Wednesday, boosted by positive data on U.S. services sector growth and a decision by the Bank of Canada to leave interest rates unchanged.
Dow Jones Industrial Average e-mini futures were up 0.12 percent at 0715 ET, while S&P 500 e-mini futures were up 0.04 percent and Nasdaq 100 e-mini futures were down 0.04 percent.
Canadian building permits data is due at 0830 ET and Ivey PMI data at 1000 ET.
The Bank of Canada held its main interest rate at 1 percent on Wednesday and said the risks of low inflation loom as large as ever despite a faster-than-anticipated rise in prices, remarks that some economists interpreted as being dovish.
The outlook for the Canadian dollar has improved over the last month, a Reuters poll showed, as a central bank that is unlikely to significantly alter its course is expected to keep the currency hemmed in a slim trading range.
Canadian natural gas and electricity retailer Just Energy Group Inc said it would sell its Ontario-based water heater and air conditioning home services business for $505 million to pay down debt.
COMMODITIES AT 0715 ET
Gold futures : $1,243.5; -0.04 pct
US crude : $102.31; -0.32 pct
Brent crude : $108.07; -0.3 pct
LME 3-month copper : $6,784.75; unchanged
ANALYST RESEARCH HIGHLIGHTS
B2Gold Corp : CIBC cuts target price to C$4.50 from C$5; sector outperformer
Canaccord Genuity : KBW, CIBC raises price target on the stock
Laurentian Bank of Canada : Barclays, NBF, Canaccord Genuity raise target price
U.S. ECONOMIC DATA DUE ON THURSDAY
0830 Initial jobless claims: Expected +310,000, prior +300,000
0830 Jobless claims 4-week Average: Prior +311,500
0830 Continued jobless claims: Expected +2.625 mln, prior +2.631 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
$1= $1.09 Canadian Reporting by Mononshila Deka in Bangalore; Editing by Saumyadeb Chakrabarty
Our Standards: The Thomson Reuters Trust Principles.