January 9, 2020 / 12:28 PM / 18 days ago

CANADA STOCKS-TSX futures rise as U.S.-Iran tensions cool

Jan 9 (Reuters) - Canada’s main stock index futures edged higher on Thursday after the United States and Iran retreated from further conflict in the Middle East.

March futures on the S&P/TSX index were up 0.25% at 7:00 a.m. ET.

Housing starts for December is due at 8:15 a.m. ET

The Toronto Stock Exchange’s TSX closed flat at 17,167.82 on Wednesday.

Dow Jones Industrial Average e-mini futures were up 0.35% at 7:00 a.m. ET, while S&P 500 e-mini futures were up 0.33% and Nasdaq 100 e-mini futures were up 0.46%.

TOP STORIES

Canada’s Cenovus Energy unveiled plans to reduce per-barrel greenhouse gas emissions by 30% by the end of 2030, as the country’s oil industry faces growing pressure from environmental activists.

ANALYST RESEARCH HIGHLIGHTS

Encana Corp: Barclays cuts rating to “underweight” from “equal weight”

Hydro One Ltd: Wells Fargo upgrades to “overweight” from “equal weight”

OrganiGram Holdings Inc: Raymond James cuts rating to “market perform” from “outperform”

COMMODITIES AT 7:10 a.m. ET

Gold futures: $1548.8; fell 0.73%

US crude: $59.7; rose 0.15%

Brent crude: $65.41; fell 0.05%

U.S. ECONOMIC DATA DUE ON THRUSDAY

0830 Initial jobless claims : Expected 220,000; Prior 222,000

0830 Jobless claims 4-week average : Prior 233,250

0830 Continued jobless claims : Prior 1.728 mln

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report

Canadian dollar and bonds report

Reuters global stocks poll for Canada

Canadian markets directory

($1 = 1.30 Canadian dollars)

Reporting by Pooja Kesavan in Bengaluru; Editing by Amy Caren Daniel

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