CANADA STOCKS-TSX futures edge up on crude oil strength
May 11 (Reuters) - Futures for Canada's main stock index edged up on Thursday, tracking higher crude oil prices, while weaker metals limited the gains.
June futures on the S&P/TSX index SXFc1 were up 0.2% at 6:40 a.m. ET.
Contracts linked to crude oil clawed back some of the losses in the previous session after data from the United States reflected a stronger demand for transport fuels. O/R
Prices of precious and base metals declined against a stronger dollar, and subdued data from top-consumer China further dimmed the demand outlook for raw materials. MET/L GOL/
Among company , potash producer Nutrien Ltd NTR.TO cut its annual profit forecast as elevated fertilizer prices owed to Western sanctions on Russia and Belarus weighed on demand.
Manulife Financial Corp MFC.TO reported a quarterly profit that missed analysts' estimates as the insurer attracted less capital from investors spooked by recent market volatility.
Algonquin Power & Utilities Corp AQN.TO said the power generator would be conducting a strategic review of its renewable group with the objective of enhancing shareholder value.
On Wednesday, the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE ended 0.4% lower, weighed down by losses in materials and energy stocks. .TO
Dow e-minis 1YMcv1 were down 4 points, or 0.01% at 6:45 a.m. ET, while S&P 500 e-minis EScv1 were up 8.75 points, or 0.21%, and Nasdaq 100 e-minis NQcv1 were up 31.25 points, or 0.23%. .N
COMMODITIES AT 6:40 a.m. ET
Gold futures GCc2: $2,033.1; -0.2% GOL/
US crude CLc1: $72.99; +0.6% O/R
Brent crude LCOc1: $76.87; +0.6% O/R
U.S. ECONOMIC DATA DUE ON THURSDAY
Weekly jobless claims due at 8:30 am ET
April Producer Prices Index data due at 8:30 am ET
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Canadian markets directory CANADA
($1 = 1.3372 Canadian dollars)
(Reporting by Johann M Cherian in Bengaluru; Editing by Shilpi Majumdar)