CANADA STOCKS-Futures trade modestly higher on oil prices

Wed May 11, 2016 7:48am EDT
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May 11 (Reuters) - Canada's main stock index futures were slightly firmer as oil prices reversed course to trade higher after falling nearly a percent.

June futures on the S&P TSX index were up 0.05 percent at 7:25 a.m. ET.

Canada's main stock index on Tuesday scored its largest gain since mid February as oil and global stocks rose, while Canada's oil sands production trickled back as the wildfire threat eased.

Dow Jones Industrial Average e-mini futures were down 0.21 percent at 7:25 a.m. ET, while S&P 500 e-mini futures were down 0.13 percent and Nasdaq 100 e-mini futures were down 0.15 percent.

Thomson Reuters/Ipsos Primary Consumer Sentiment Index data is due at 11:00 a.m. ET.

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Market participants are closely watching for the prospect of further restarts by Canadian oil sands producers near wildfire-ravaged Fort McMurray as some companies began slowly bringing operations back online.   Continued...