CANADA STOCKS-Futures indicate higher start as oil edges up

Tue Dec 1, 2015 7:31am EST
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Dec 1 (Reuters) - Canada's main stock index was set to open higher on Tuesday as oil prices steadied after the dollar eased, but concerns about oversupply lingered ahead of the Organization of the Petroleum Exporting Countries (OPEC) meeting this week.

The OPEC is expected to stick to its output target when it gives its decision on Friday.

December futures on the S&P TSX index were up 0.62 percent at 7:10 a.m. ET.

Gross domestic product data for the third quarter is due at 8:30 a.m. ET.

Canada's main stock index rallied on Monday, led by strength in resource stocks and as financial shares rose ahead of bank earnings reports this week. However, the index lost 0.4 percent in November.

Dow Jones Industrial Average e-mini futures were up 0.41 percent at 7:10 a.m. ET, while S&P 500 e-mini futures were up 0.35 percent and Nasdaq 100 e-mini futures were up 0.38 percent.

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