May 25 (Reuters) - Stock futures pointed to a higher opening
for Canada's main stock index on Wednesday as oil prices rose
towards $50 per barrel on expectations of shrinking supply due
to well fires in Canada and other outages.
June futures on the S&P TSX index SXFc1 were up 0.47
percent at 7:15 a.m. ET.
Bank of Canada rate decision is due at 10:00 a.m. ET.
Canada's main stock index closed higher on Tuesday as
strength in the financial sector ahead of the bank earnings
season helped overcome a slump in shares of gold miners.
Dow Jones Industrial Average e-mini futures 1YMc1 were up
0.34 percent at 7:15 a.m. ET, while S&P 500 e-mini futures
ESc1 were up 0.35 percent and Nasdaq 100 e-mini futures NQc1
were up 0.40 percent.
TOP STORIES
The Securities and Exchange Commission is concerned about
the way Canadian drugmaker Valeant Pharmaceuticals (NYSE:VRX) International
Inc VRX.TO has been disclosing its "non-GAAP" financial
measures, regulatory filings showed on Tuesday. AT 7:15 a.m. ET COM/WRAP
Gold futures GCc1 : $1,221.60; -0.62 pct GOL/
US crude CLc1 : $49.13; +1.07 pct O/R
Brent crude LCOc1 : $49.18; +1.17 pct O/R
LME 3-month copper CMCU3 : $4,617.00; +0.35 pct MET/L
ANALYST RESEARCH HIGHLIGHTS
Saputo SAP : National Bank Financial raises target price to
C$42 from C$38
U.S. ECONOMIC DATA DUE ON WEDNESDAY
0830 Advance goods trade balance for Apr: Prior -$56.90 bln
0900 Monthly home price mm for Mar: Prior 0.4 pct
0900 Monthly home price yy for Mar: Prior 5.6 pct
0900 Monthly Home Price Index for Mar: Prior 231.4
($1= C$1.31)