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Stock impact report

CANADA STOCKS-TSX futures tick higher as oil prices rebound [Reuters]

Magna International, Inc. (MGA) 
Last magna international, inc. earnings: 2/21 05:00 am Check Earnings Report
US:NYSE Investor Relations: magna.com/investors
Company Research Source: Reuters
CANADA STOCKS-TSX futures tick higher as oil prices rebound April 16 (Reuters) - Canada’s main stock index futures were higher on Thursday, as oil prices recovered from sharp losses in the previous session, with investors hoping for further oil cuts from producers after data showed a big surge in U.S. inventories. June futures on the S&P/TSX index were up 0.71% at 7:00 a.m. ET. Manufacturing sales data for February is due at 8:30 a.m. ET. The Toronto Stock Exchange’s S&P/TSX composite index ended 2.1% lower at 13,958.58 on Wednesday. Dow Jones Industrial Average e-mini futures were up 0.34% at 7:00 a.m. ET, while S&P 500 e-mini futures were up 0.43% and Nasdaq 100 e-mini futures were up 0.75%. Canadian banks are beginning to relax lending standards for energy firms struggling to operate with oil prices at half the level needed to cover costs, seeking to keep them afloat until the industry recovers from its deepest slump ever. Auto supplier Magna International is planning for a return Show less Read more
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