Reuters | Aug 13, 2020 07:30
Aug 13 (Reuters) - Canada's main stock index futures fell on Thursday, weighed by lower crude prices after the International Energy Agency lowered its 2020 oil demand forecast following unprecedented travel restrictions due to the COVID-19 pandemic.
Paris-based IEA slashed its 2020 oil demand outlook by 140,000 bpd to 91.9 million bpd, its first downgrade in several months. futures on the S&P/TSX index SXFc1 were down 0.14% at 7:00 a.m. ET.
On Thursday, the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE ended 0.47% higher at 16,575.28.
ANALYST RESEARCH HIGHLIGHTS RCH/CA
Altus Group Ltd AIF.TO : Scotiabank raises target price to C$45 from C$43
Boyd Group Services Inc BYD.TO : CIBC raises price target to C$233 from C$212
Leon's Furniture Ltd LNF.TO : BMO raises price target to C$17 from C$14
COMMODITIES AT 7:00 a.m. ET
Gold futures GCc2 : $1,932.3; -0.27% GOL/
US crude CLc1 : $42.62; -0.12% O/R
Brent crude LCOc1 : $45.32; -0.24% O/R
U.S. ECONOMIC DATA DUE ON THURSDAY 0830 Import prices mm for Jul: Expected 0.6%; Prior 1.4% 0830 Export prices mm for Jul: Expected 0.4%; Prior 1.4% 0830 Import prices yy for Jul: Prior -3.8% 0830 Initial jobless claims : Expected 1,120,000; Prior 1,186,000 0830 Jobless claims four-week average : Prior 1,337,750 0830 Continues jobless claims : Expected 15.898 mln; Prior 16.107 mln
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 ($1= C$1.32)
Written By: Reuters
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