CANADA STOCKS-Futures rise as oil hits highest since June

Wed Oct 5, 2016 7:29am EDT
 
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Oct 5 (Reuters) - Futures indicated to a higher opening for Canada's main stock index on Wednesday as oil hit its highest since June.

Brent rose towards $52 a barrel, supported by an industry report that U.S. inventories probably fell for a fifth straight week and OPEC's deal to cut supply.

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

Trade balance data for August is scheduled for 8:30 a.m. ET. Trade deficit is expected to have widened to C$2.60 billion.

Canada's main stock index fell to its lowest close in more than two weeks on Tuesday as a plunge in gold prices weighed on shares of mining companies, and financial and energy stocks also lost ground.

Dow Jones Industrial Average e-mini futures were down 0.06 percent at 7:15 a.m. ET. S&P 500 e-mini futures were flat and Nasdaq 100 e-mini futures rose 0.02 percent.

(Morning News Call newsletter link.reuters.com/nex49s ; The Day Ahead newsletter link.reuters.com/mex49s)

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