CANADA STOCKS-Futures dip as stronger dollar weighs on commodities

Mon Jun 1, 2015 7:23am EDT
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June 1 (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index on Monday as a stronger dollar weighed on commodity prices including oil, copper and gold.

June futures on the S&P TSX index were down 0.3 percent at 7:15 a.m. ET.

Seasonally adjusted RBC manufacturing PMI data is due at 9:30 a.m. ET.

Canada's main stock index fell on Friday, with heavyweight banks tipping the scales to the downside amid broad pessimism about domestic economic growth and the uncertain outlook for industries tied to energy.

Dow Jones Industrial Average e-mini futures were up 0.07 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.01 percent and Nasdaq 100 e-mini futures were up 0.03 percent. (Morning News Call newsletter; The Day Ahead newsletter


Crude oil prices dropped on Monday as the dollar rose and on expectations that OPEC production would remain high, stoking worries of oversupply despite declining U.S. rig operations.

Destin Pipeline Co said on Sunday it would resume natural gas transport services on June 2 after it completed scheduled maintenance.

Royal Dutch Shell Plc reported it was restarting an unspecified unit at its Scotford upgrader facility near Edmonton, Alberta, according to a message posted on a community information phone line on Saturday.   Continued...