CANADA STOCKS-Futures indicate higher start, tracking global markets
Dec 21 (Reuters) - Stock futures pointed to a higher start for Canada's main stock index on Monday, the first day of a holiday-shortened week, mirroring the trend in most global equity markets.
March futures on the S&P TSX index were up 1.02 percent at 7:30 a.m. ET.
No major economic events are scheduled for the day.
Canada's main stock index inched higher on Friday as the energy sector gained despite slipping oil prices, offsetting the impact of weakness in financial stocks as investors also scooped up shares that have taken a beating recently.
Dow Jones Industrial Average e-mini futures were up 0.75 percent at 7:30 a.m. ET, while S&P 500 e-mini futures were up 0.87 percent and Nasdaq 100 e-mini futures were up 0.89 percent.
The Canadian dollar and the price of oil move "like a pair of train tracks" and trying to stop exchange rates from shifting could hinder the economy's ability to absorb shocks, Bank of Canada Governor Stephen Poloz said on Friday. Continued...