CANADA STOCKS-Futures edge higher as oil prices rise

July 17 (Reuters) – Canadian stock futures were slightly
higher on Monday as oil rose to $49 a barrel, extending gains
made last week on signs of lower U.S. inventories and stronger
demand.

September futures on the S&P TSX index were up 0.08
percent at 7:15 a.m. ET.

Foreign securities data is due at 8:30 a.m. ET.

Canada’s main stock index rose on Friday as gold stocks,
burnished by a jump in gold prices, and certain energy and
telecom names led broad gains.

Dow Jones Industrial Average e-mini futures were up
0.09 percent at 7:15 a.m. ET, while S&P 500 e-mini futures
were up 0.08 percent and Nasdaq 100 e-mini futures
were up 0.18 percent.

(Morning News Call newsletter http://share.thomsonreuters.com/assets/newsletters/Morning_News_Call/MNC_US.pdf
; The Day Ahead newsletter http://share.thomsonreuters.com/assets/newsletters/The_Day_Ahead/TDA_NAM.pdf)

TOP STORIES

Canada’s fund managers are set to plow more money into
shares of cyclical, industrial and technology companies as the
Bank of Canada hikes interest rates, and to allocate a greater
share of their bond portfolio to short-term corporate debt.

ANALYST RESEARCH HIGHLIGHTS

CRH Medical Corp: RBC cuts target price to C$8.50
from C$10

COMMODITIES AT 7:15 a.m. ET

Gold futures: $1,229.9; +0.27 pct

US crude: $46.55; +0.02 pct

Brent crude: $48.99; +0.16 pct

LME 3-month copper: $5,983.50; +0.97 pct

U.S. ECONOMIC DATA DUE ON MONDAY

0830 New York Fed Manufacturing for July: Expected 15.00;
Prior 19.80

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= C$1.27)
(Reporting by Riniki Sanyal in Bengaluru; Editing by Shounak
Dasgupta)

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