CANADA STOCKS-Lower oil prices weigh on futures

Thu Feb 4, 2016 7:19am EST
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Feb 4 (Reuters) - Canada's main stock index looked set to open moderately lower on Thursday as Brent crude prices turned lower, pressured by scepticism that Venezuela's efforts to lobby crude producers for output cuts would succeed.

March futures on the S&P TSX index were down 0.04 percent at 7:15 a.m. ET.

No major economic events are scheduled for the day.

The Toronto Stock Exchange's S&P/TSX composite index rose on Wednesday as strength in commodity prices supported energy and mining stocks, while shares in home retailer Rona Inc almost doubled after a generous takeover deal.

Dow Jones Industrial Average e-mini futures were up 0.21 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.16 percent and Nasdaq 100 e-mini futures were up 0.17 percent.

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Suncor Energy Inc, Canada's largest oil and gas company, reported a fourth-quarter operating loss and cut 2016 capital spending plans on Wednesday because of the collapse in global crude prices.   Continued...