CANADA STOCKS-TSX futures edge higher as bullion prices rise

Wed Aug 10, 2016 7:33am EDT
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Aug 10 (Reuters) - Stock futures pointed to a slightly higher opening for Canada's main stock index on Wednesday as bullion prices rose following weak U.S. productivity data in the previous session.

U.S. worker productivity fell for the third straight quarter in the spring this year, suggesting that corporate profits may continue to decline and wage growth may remain sluggish.

September futures on the S&P TSX index were up 0.19 percent at 7:15 a.m. ET.

No major economic data is scheduled for the day.

Canada's main stock index extended its rally at a 13-month high on Tuesday, boosted by a surge in shares of Valeant Pharmaceutical after the drug maker said it would sell billions of dollars of assets to pay down debt.

Dow Jones Industrial Average e-mini futures were up 0.05 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.10 percent and Nasdaq 100 e-mini futures were up 0.09 percent.

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