CANADA STOCKS-Futures higher as oil nudges $50 per barrel
May 25 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Wednesday as oil prices rose towards $50 per barrel on expectations of shrinking supply due to well fires in Canada and other outages.
June futures on the S&P TSX index were up 0.47 percent at 7:15 a.m. ET.
Bank of Canada rate decision is due at 10:00 a.m. ET .
Canada's main stock index closed higher on Tuesday as strength in the financial sector ahead of the bank earnings season helped overcome a slump in shares of gold miners.
Dow Jones Industrial Average e-mini futures were up 0.34 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.35 percent and Nasdaq 100 e-mini futures were up 0.40 percent.
The Securities and Exchange Commission is concerned about the way Canadian drugmaker Valeant Pharmaceuticals International Inc has been disclosing its "non-GAAP" financial measures, regulatory filings showed on Tuesday. Continued...