TSX futures point to higher opening as oil prices continue climb [Business News Network (BNN) Energy & Resources (Canada)]
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Source: Business News Network
TSX futures point to higher opening as oil prices continue climb Futures pointed to a higher opening for Canada's main stock index on Thursday as oil prices rose further to touch their highest since May 2015 and investors awaited a report on producer prices. Oil prices were supported by unrest in Iran that has raised concerns about supply risks, cold weather in the United States and OPEC-led output cuts. Canada's producer prices data for November, due at 8:30 a.m. ET, is expected to show an increase of 0.8 per cent, compared with an increase of 1.0 per cent a month ago. March futures on the S&P TSX index were up 0.12 per cent at 7:15 a.m. ET. Canada's main stock index notched its highest-ever close on Wednesday, boosted by a jump in shares of BlackBerry Ltd ( BB.TO ) after it announced a deal with China's Baidu to develop self-driving technology, and by sharp gains for several marijuana producers. Dow Jones Industrial Average e-mini futures were up 0.28 per cent at 7:15 a.m. ET, while
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