CANADA STOCKS-Rising oil prices drive futures higher

Tue Apr 12, 2016 7:17am EDT
 
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April 12 (Reuters) - Canadian stock futures were set to open higher on Tuesday as oil climbed to $43 a barrel, supported by hopes that top producers will soon agree on steps to rein in oversupply.

June futures on the S&P TSX index were up 0.41 percent at 7:15 a.m. ET.

Many members of OPEC as well as outside producers such as Russia are meeting in Doha, Qatar, on Sunday to discuss freezing output.

Canada's main stock index rose on Monday following a boost in gold mining stocks, while railway company Canadian Pacific Railway Ltd advanced after it scrapped a takeover bid.

Dow Jones Industrial Average e-mini futures were up 0.29 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.39 percent and Nasdaq 100 e-mini futures were up 0.42 percent.

No major Canadian economic data is scheduled to be released on Tuesday.

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

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