Oct 22 (Reuters) - Futures for Canada’s main stock index edged up on Monday, supported by gains in energy stocks.
Energy stocks were helped by a rise in oil prices, which edged up above $80 a barrel, lifted by nervousness over a worsening diplomatic crisis between Saudi Arabia and the West, just two weeks before U.S. sanctions potentially choke off Iranian crude supplies.
Saudi Arabia has no intention of unleashing a 1973-style oil embargo on Western consumers and will isolate oil from politics, the Saudi energy minister said on Monday, amid a worsening crisis over the killing of Saudi journalist Jamal Khashoggi.
December futures on the S&P/TSX index inched up 0.01 percent at 7:04 a.m. ET.
Wholesale trade data for August is due at 08:30 a.m. ET
The Toronto Stock Exchange’s S&P/TSX closed higher 65.97 points, or 0.43 percent, to 15,470.10 on Friday.
Dow Jones Industrial Average e-mini futures were up 0.35 percent at 7:10 a.m. ET, while S&P 500 e-mini futures were up 0.33 percent and Nasdaq 100 e-mini futures were up 0.66 percent.
Canadian airplane maker Bombardier Inc has sued the aircraft unit of Japan’s Mitsubishi Heavy Industries Ltd , saying former Bombardier employees passed on trade secrets to help Mitsubishi’s oft-delayed regional jet project.
Canada’s Nutrien, whose attempt to sell its stake in Chilean lithium miner SQM to China’s Tianqi has been stalled by a row about competitive risks, vowed to “protect its interests” in an interview with a Chilean newspaper published on Sunday.
Constellation Software Inc: CIBC raises price target to C$1350 from C$1300
Corus Entertainment Inc: CIBC raises rating to ‘outperform’ from neutral
Stantec Inc: CIBC raises rating to ‘outperform’ from neutral
COMMODITIES AT 7:12 a.m. ET
Gold futures: $1223.1; fell 0.24 percent
US crude: $69.26; rose 0.2 percent
Brent crude: $79.96; rose 0.23 percent
0830 National Activity Index for Sept.: Prior 0.18
TSX market report
Canadian dollar and bonds report
Reuters global stocks poll for Canada
Canadian markets directory ($1 = C$1.31) (Reporting by Sourav Bose in Bengaluru; Editing by James Emmanuel)