Dec 23 (Reuters) - Stock futures pointed to a higher start for Canada's main stock index on Wednesday as crude prices extended gains for a third straight day.
Oil prices edged up after an unexpected fall in U.S. crude inventories, but remained not far above 11-year lows as supplies remain abundant and as OPEC lowered the demand outlook for its exports.
March futures on the S&P TSX index were up 0.91 percent at 7:30 a.m. ET.
Data on gross domestic product and retail sales is due at 8:30 a.m. ET.
Canada's main stock index gained in low-volume trade on Tuesday, with rises in industrial, telecom and resource stocks offsetting the impact of subdued performance in some of the country's biggest banks.
Dow Jones Industrial Average e-mini futures were up 0.51 percent at 7:30 a.m. ET, while S&P 500 e-mini futures were up 0.38 percent and Nasdaq 100 e-mini futures were up 0.42 percent.
A C$460 million ($330.5 million) settlement fund for victims of the 2013 Lac-Megantic crude-by-rail disaster will begin disbursements this week without the participation of Canadian Pacific Railway Ltd, the monitor involved in the payments said on Tuesday.
COMMODITIES AT 7:30 a.m. ET
Gold futures : $1,072.70; -0.13 pct
US crude : $36.68; +1.47 pct
Brent crude : $36.64; +1.50 pct
LME 3-month copper : $4,690.50; +0.54 pct
Tourmaline Oil Corp : BMO cuts rating to "market perform" from "outperform"
Northern Blizzard Resources Inc : RBC starts coverage with "sector perform" rating
Newcastle Gold Ltd : M Partners resumes coverage with "buy" rating
0830 Personal consumption real mm for Nov: Prior 0.1 pct
0830 Personal income mm for Nov: Expected 0.2 pct; Prior 0.4 pct
0830 Consumption, adjusted mm for Nov: Expected 0.3 pct; Prior 0.1 pct
0830 Core PCE price index mm for Nov: Expected 0.1 pct; Prior 0.0 pct
0830 Core PCE price index yy for Nov: Prior 1.3 pct
0830 PCE price index mm for Nov: Prior 0.1 pct
0830 PCE price index yy for Nov: Prior 0.2 pct
0830 Durable goods for Nov: Expected -0.6 pct; Prior 2.9 pct
0830 Durables ex-transport for Nov: Expected 0.0 pct; Prior 0.5 pct
0830 Durables ex-defense mm for Nov: Expected -0.2 pct; Prior 3.1 pct
0830 Nondefense cap ex-air for Nov: Expected -0.1 pct; Prior 1.3 pct
1000 U Mich Sentiment Final for Dec: Expected 92.0; Prior 91.8
1000 U Mich Conditions Final for Dec: Expected 106.5; Prior 107.0
1000 U Mich Expectations Final for Dec: Expected 82.0; Prior 82.0
1000 U Mich 1 year inflation final for Dec: Prior 2.6 pct
1000 U Mich 5-year inflation final for Dec: Prior 2.6 pct
1000 New home sales-units mm for Nov: Expected 0.505 mln; Prior 0.495 mln
1000 New home sales change mm for Nov: Expected 2.0 pct; Prior 10.7 pct
1300 Dallas Fed PCE for Nov: Prior 1.3 pct
TSX market report
Canadian dollar and bonds report
Reuters global stocks poll for Canada
Canadian markets directory ($1= C$1.39) (Reporting by Nikhil Kumar in Bengaluru; Editing by Kirti Pandey)