CANADA STOCKS-Futures rise as crude oil gains

Mon Sep 19, 2016 7:23am EDT
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Sept 19 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Monday as oil prices rose after Venezuela said OPEC and non-OPEC producers are close to reaching an output deal.

Brent crude futures rose 1.22 percent after Venezuelan President Nicolas Maduro has said that a deal could be announced this month to stabilize oil markets, which have come under pressure due to a persistent oversupply.

December futures on the S&P TSX index were up 0.25 percent at 7:15 a.m. ET.

Canada's main stock index lost ground on Friday as heavyweight banks, energy and mining stocks all weighed amid lower oil prices and uncertainty about when the Federal Reserve might raise U.S. interest rates.

Dow Jones Industrial Average e-mini futures were up 0.39 percent at 7:15 a.m. ET. S&P 500 e-mini futures were up 0.38 percent and Nasdaq 100 e-mini futures were up 0.30 percent.

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