CANADA STOCKS-Futures lower as oil slips on strong dollar

Wed Aug 31, 2016 7:26am EDT
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Aug 31 (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index on Wednesday as crude oil prices slid on the back of a strong U.S dollar.

Worries of oversupply also played a role in lowering oil prices, although they remain on track for a monthly gain of over 10 percent.

September futures on the S&P TSX index were down 0.13 percent at 7:15 a.m. ET.

Second-quarter GDP data is due at 8:30 a.m. ET and is expected to have contracted by 1.5 percent

Canada's main stock index edged slightly higher on Tuesday as bank and fertilizer stocks rallied, but gains for the index were mostly pared as lower gold prices weighed on mining stocks.

Dow Jones Industrial Average e-mini futures were down 0.02 percent at 7:15 a.m. ET. S&P 500 e-mini futures were up 0.01 percent and Nasdaq 100 e-mini futures were up 0.03 percent.

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