March 24 (Reuters) - Canadian stock futures pointed to a lower opening on Thursday as the dollar climbed for a fifth consecutive day, weakening commodities and global stocks.
June futures on the S&P TSX index were down 0.61 percent at 7:15 a.m. ET.
No major economic events are scheduled for the day.
Canada’s main stock index fell on Wednesday to a one-week low as lower commodity prices pressured energy and mining stocks, while insider trading charges sank the shares of Amaya Inc.
Dow Jones Industrial Average e-mini futures were down 0.47 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were down 0.55 percent and Nasdaq 100 e-mini futures were down 0.55 percent.
A federal judge on Wednesday granted class certification for a U.S. class-action lawsuit filed against Barrick Gold Corp claiming Barrick misstated facts of its now halted Pascua-Lama gold-mine project on the border of Argentina and Chile.
COMMODITIES AT 7:15 a.m. ET
Gold futures : $1,214.20; -0.78 pct
US crude : $38.86; -2.34 pct
Brent crude : $39.64; -2.08 pct
LME 3-month copper : $4,888.00; -1.19 pct
ANALYST RESEARCH HIGHLIGHTS
Teck Resources Ltd : Raymond James cuts ratings to “underperform” from “market perform”
U.S. ECONOMIC DATA DUE ON THURSDAY
0730 Build permits R number mm for Feb: Prior 1.167 mln
0730 Build permits R change mm for Feb: Prior -3.1 pct
0830 Durable goods for Feb: Expected -2.9 pct; Prior 4.7 pct
0830 Durables ex-transport for Feb: Expected -0.2 pct; Prior 1.7 pct
0830 Durables ex-defense mm for Feb: Prior 4.3 pct
0830 Nondefense cap ex-air for Feb: Expected -0.1 pct; Prior 3.4 pct
0830 Initial jobless claims: Expected 268,000; Prior 265,000
0830 Jobless claims 4-week average: Prior 268,000
0830 Continued jobless claims: Expected 2.230 mln; Prior 2.235 mln
0830 Markit Composite PMI flash for Mar: Prior 50.00
0945 Markit Services PMI Flash for Mar: Prior 49.7
1100 Kansas City Fed Manufacturing for Mar: Prior -8
1100 Kansas City Fed Composite Index for Mar: Prior -12
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$1.33) (Reporting by Riniki Sanyal in Bengaluru)
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