TD – CANADA STOCKS-TSX futures rise as oil prices gain
May 18 (Reuters) – Futures for Canada’s main stock index rose on Tuesday, as oil prices gained on optimism of a demand recovery after the reopenings of the U.S. and European economies.
Brent crude LCOc1 was up 0.62% at $69.89 a barrel, while U.S. West Texas Intermediate (WTI) crude CLc1 rose 0.53% to $66.62. O/R
June quarter futures on the S&P/TSX index SXFc1 were up 0.21% at 7:00 a.m. ET.
The Toronto Stock Exchange’s S&P/TSX composite index .GSPTSE ended 0.56% higher at 19,474.65 on Monday. .TO
TOP STORIES TOP/CAN
Canadian drug developer Medicago’s plant-based COVID-19 vaccine candidate, which is enhanced by a GlaxoSmithKline GSK.L treatment, was able to create a strong antibody response in a mid-stage study, the two companies said
Australia’s Woodside Petroleum Ltd WPL.AX said it would sell its 50% interest in the proposed Kitimat liquefied natural gas (LNG) development project in Canada, and expect a hit of about $40 million to $60 million in full-year net profit as a result.
ANALYST RESEARCH HIGHLIGHTS RCH/CA
Parex Resources Inc PXT.TO: BMO cuts target price to C$30 from C$32
Toronto-Dominion Bank TD.TO: Canaccord Genuity raises target price to C$89.5 from C$86.5
Major Drilling Group International Inc MDI.TO: RBC raises target price to C$12 from C$9
COMMODITIES AT 7:00 a.m. ET
Gold futures GCc2: $1,869; +0.07% GOL/
US crude CLc1: $66.62; +0.53% O/R
Brent crude LCOc1: $69.89; +0.62% O/R
U.S. ECONOMIC DATA DUE ON TUESDAY
0830 Building permits: number for Apr : Expected 1.770 mln; Prior 1.759 mln
0830 Build permits: change mm for Apr : Prior 2.3%
0830 Housing starts number for Apr : Expected 1.710 mln; Prior 1.739 mln
0830 House starts mm: change for Apr : Prior 19.4%
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report .TO
Canadian dollar and bonds report CAD/CA/
Reuters global stocks poll for Canada EQUITYPOLL1, EPOLL/CA
Canadian markets directory CANADA
(Reporting by Shivani Kumaresan in Bengaluru; Editing by Amy Caren Daniel)
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