March 6 (Reuters) - Canada's stock index futures pointed to a flat opening on Thursday as the crisis in Ukraine continued to unsettle markets and investors digested key U.S. labor data.
TOP STORIES
* Crimea's parliament voted to join Russia and its Moscow-backed government set a referendum within 10 days on the decision in a dramatic escalation of the crisis over the Ukrainian Black Sea peninsula.
News Search ID:nL6N0M320U
* The number of Americans filing new claims for unemployment benefits fell more than expected and hit a three-month low last week, a sign of strength in a labor market that has been hobbled by severe weather.
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* Oil and gas giants Chesapeake Energy and Encana Corp
ECA.TO were charged on Wednesday with colluding to keep oil and gas lease prices artificially low in Michigan, state Attorney General Bill Schuette said.
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* Canadian Natural Resources Ltd
CNQ.TO , Canada's No.2 oil and gas company, reported a 17 percent rise in quarterly profit, helped by higher output at its Pelican Lake project in Alberta.
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Href="NewsSearch">CA/MNC
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MARKET SNAPSHOT
* Canada stock futures
0#SXF: traded unchanged
* U.S. stock futures
0#SP: ,
0#DJ: ,
0#ND: were up
* European shares
.FTEU3 ,
.STOXX were up
Href="NewsSearch">.EU
COMMODITY PRICE MOVES
* Thomson Reuters-Jefferies CRB Index
.TRJCRBTR : 306.1278; fell 0.2 percent
* Gold futures
GCc1 : $1334.9; fell 0.4 percent
Href="NewsSearch">GOL/
* US crude
CLc1 : $100.79; fell 0.65 percent
Href="NewsSearch">O/R
* Brent crude
LCOc1 : $107.63; fell 0.12 percent
Href="NewsSearch">O/R
* LME 3-month copper
CMCU3 : $7037; rose 0.1 percent
Href="NewsSearch">MET/L
CANADIAN STOCKS TO WATCH
* Linamar Corp
LNR.TO : The auto parts maker reported higher net earnings for the fourth quarter on Wednesday, bolstered by stronger sales in North America, Asia and Europe.
News Search ID:nL1N0M224F
* Kinross Gold Corp
K.TO : The miner said unionized employees went on strike at its Maricunga mine in Chile, forcing it to suspended operations at the site.
News Search ID:nL3N0M25IY
ANALYSTS' RECOMMENDATIONS
Following is a summary of research actions on Canadian companies reported by Reuters.
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* Cott Corp
BCB.TO : CIBC cuts to sector performer from sector outperformer and cuts target price to $9 from $10. Says the U.S. carbonated soft drink industry's annual structural decline of -3% to -4% will lead to falling volumes for the company
* Laurentian Bank of Canada
LB.TO : Barclays raises target price to C$47 from C$46 on the company's stable net interest margins, increased portfolio diversification and decline in integration costs in its first-quarter results
* Linamar Corp
LNR.TO : CIBC raises to sector outperformer from sector performer and raises target price to C$60 from C$42 based on the company's strong fourth-quarter results
* Painted Pony Petroleum Ltd
PPY.TO : CIBC raises target price to C$10.25 from C$9 on the company's strong increase in reserves
ON THE CALENDAR
* Major Canadian data include building permits and Ivey PMI
ECONCA
* Major U.S. data includes factory orders, durable goods and productivity data
($1= $1.10 Canadian)
(Reporting by Ayesha Sruti Ahmed in Bangalore; Editing by Sophie Hares)
((ayeshasruti.ahmed@thomsonreuters.com)(91 80 6749 4811)(Reuters Messaging:)(ayeshasruti.ahmed.thomsonreuters.com@reuters.net))
Keywords: MARKETS CANADA/STOCKS
URN:
urn:newsml:reuters.com:20140306:nL3N0M33PU:4
Topics:
CMPNY INDS CA PREC MINE ENR PART BANK REP INDM FOBE RTRS MACH BEVS MIN INDG GDM BMAT FIN NCYC ENER OILG IND BEV CYCS STX FINS EUROP MKTREP AUTO BISV LEN BSVC BNK MAC MTAL SODA AMERS EXPL