Jan 22 (Reuters) - Futures for Canada’s main stock index edged lower on Monday as a drop in oil prices weighed on energy stocks, while investors awaited a speedy resolution to the U.S. government shutdown.
March futures on the S&P TSX index were down 0.09 percent at 7:15 a.m. ET.
Wholesale trade data for November is due at 08:30 a.m. ET.
Canada’s main stock index rose on Friday in a broad-based rally led by financial and industrial shares, while lower oil prices weighed on energy stocks.
Dow Jones Industrial Average e-mini futures were down 0.21 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were down 0.08 percent and Nasdaq 100 e-mini futures were down 0.06 percent.
Canada’s second largest food retailer Sobeys Inc signed a deal to use the ecommerce platform of Ocado to expand its online business, sending shares in the British group up 10 percent on its latest international tie-up.
Canadian marijuana producer Aurora Cannabis Inc is in talks with rivals CanniMed Therapeutics Inc and Newstrike Resources Ltd to buy both businesses in a deal that would create the nation’s top weed company, people familiar with the matter told Reuters on Friday.
ANALYST RESEARCH HIGHLIGHTS
Capstone Mining Corp: CIBC raises price target to C$2 from C$1.90
Magna International Inc: JP Morgan raises target price to $69 from $65
Orocobre Ltd: Eight Capital raises price target to C$9.10 FROM C$7
COMMODITIES AT 7:15 a.m. ET
Gold futures: $1328.4; -0.26 percent
US crude: $63.35; -0.03 percent
Brent crude: $68.52; -0.13 percent
LME 3-month copper: $7095; +0.77 percent
U.S. ECONOMIC DATA DUE ON MONDAY
0830 National Activity Index for Dec: Prior 0.15
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TSX market report
Canadian dollar and bonds report
Reuters global stocks poll for Canada
Canadian markets directory ($1= C$1.25) (Reporting by Pathikrit Bandyopadhyay in Bengaluru; Editing by Arun Koyyur)
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