May 15 (Reuters) - Futures for Canada's benchmark stock
index climbed higher on Monday tracking strength in commodity
prices, while investor caution over the U.S. debt ceiling kept
gains in check.
June futures on the S&P/TSX index were up 0.5% at
7:22 a.m. ET.
Contracts tied to crude oil prices edged higher, supported
by a resumption in U.S. demand for reserves and tightening
supply by the OPEC+. Spot Gold prices also got a lift as investors flocked to the
save-haven asset amid the U.S. debt ceiling standoff and worries
of a global economic slowdown. Among company news, Vermilion Energy Inc lowered
its current quarter production outlook due to a shut-in caused
by the wildfires in West Central Alberta.
Later in the day, investors await April housing starts data,
which is expected to show a rise of 224,600 from the previous
month, according to a Reuters poll.
In the previous weekly session, the Toronto Stock Exchange's
S&P/TSX composite index ended 0.6% lower as signs of
lacklustre economic growth in China and the U.S. weighed on
investor sentiment. Dow e-minis were up 121 points, or 0.36% at 7:24
a.m. ET, while S&P 500 e-minis were up 15 points, or
0.36%, and Nasdaq 100 e-minis were up 36.5 points, or
0.27%. COMMODITIES AT 7:22 a.m. ET
Spot Gold : $2014.89; +0.1% US crude : $70.36; +0.46% Brent crude : $74.47; +0.4% 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 = 1.3372 Canadian dollars)
(Reporting by Johann M Cherian in Bengaluru; Editing by Pooja
Desai)
