CANADA STOCKS-Futures boosted by higher oil prices
Aug 15 - Canada's main stock index was set to open higher on Monday, boosted by higher oil prices.
Oil hit a near one-month high as speculation intensified about potential producer action to support prices in an oversupplied market.
September futures on the S&P TSX index were up 0.18 percent at 7:15 a.m. ET.
Canada's main stock index slipped on Friday, weighed by broad losses among financial, consumer, industrial and materials stocks, which offset gains for energy companies as oil prices rose.
Dow Jones Industrial Average e-mini futures were up 0.19 percent at 7:15 a.m. ET. S&P 500 e-mini futures were up 0.16 percent and Nasdaq 100 e-mini futures were up 0.18 percent.
Canadian telecom companies are rushing to secure cheap money to fund acquisitions and big infrastructure projects as their reliance on customer appetite for internet services grows. Continued...