CANADA STOCKS-Futures extend gains after U.S. economic data

Fri Feb 26, 2016 9:17am EST
 
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(Adds U.S. economic data)

Feb 26 (Reuters) - Canadian stock futures extended gains on Friday after data showed U.S. economic growth slowed less sharply than expected in the fourth quarter.

A recovery in crude oil prices from early losses also kept stock futures higher.

U.S. gross domestic product increased at a 1.0 percent annual rate in the quarter instead of the previously reported 0.7 percent pace, the U.S. Commerce Department said on Friday in its second GDP estimate.

March futures on the S&P TSX index were up 0.95 percent at 8:50 a.m. ET.

Canada's main stock index notched a small gain on Thursday as two major banks rose after reporting quarterly numbers, while energy stocks weighed despite a late rally in crude prices.

Dow Jones Industrial Average e-mini futures were up 0.73 percent at 8:50 a.m. ET. S&P 500 e-mini futures were up 0.70 percent and Nasdaq 100 e-mini futures were up 0.85 percent.

(Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)

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