August 22, 2016 / 11:37 AM / a year ago

CANADA STOCKS-Futures weighed down by lower oil

2 Min Read

August 22 (Reuters) - Stock futures indicate a lower opening for Canada's main stock index on Monday due to a drop in oil prices as China ramped up exports of refined products and U.S. producers added more rigs.

September futures on the S&P TSX index were down 0.29 percent at 7:15 a.m. ET.

Canada's main stock index closed a fraction lower on Friday as investors awaited bank earnings and more talk from the U.S. Federal Reserve next week, giving the TSX its third straight directionless day.

Dow Jones Industrial Average e-mini futures were down 0.28 percent at 7:15 a.m. ET. S&P 500 e-mini futures were down 0.23 percent and Nasdaq 100 e-mini futures were down 0.23 percent.

(Morning News Call newsletter ; The Day Ahead newsletter

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Valeant Pharmaceuticals International Inc named Zoetis Inc executive Paul Herendeen as its chief financial officer, replacing Robert Rosiello, the latest in a series of management changes at the Canadian drugmaker.

Canadian convenience store operator Alimentation Couche-Tard Inc said it agreed to buy U.S. convenience store retailer CST Brands Inc in a deal valued at about $4.4 billion, including debt.

Analyst Research Highlights

Absolute Software Corp : BMO cuts to market "perform"


Gold futures : $1333.3; -0.53 percent

US crude : $47.21; -2.7 percent

Brent crude : $49.32; -3.07 percent

LME 3-month copper : $4750.5; -0.99 percent

u.s. Economic Data Due on Monday

0830 National Activity Index for Jul: Prior 0.16

For Canadian Markets News, Click on Codes:

TSX market report

Canadian dollar and bonds report

Reuters global stocks poll for Canada

Canadian markets directory

$1 = C$1.29 Reporting by Sai Sharanya Khosla in Bengaluru; Editing by Anil D'Silva

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