CANADA STOCKS-TSX futures edge up on rising oil prices

Fri Mar 24, 2017 9:02am EDT
 
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(Updates with economic data)

March 24 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Friday as oil prices rose, while investors shrugged off a slight dip in February inflation numbers.

Canada's annual inflation rate dipped to 2.0 percent in February from 2.1 percent in January, in part because consumers paid less for food and telephone services, Statistics Canada said on Friday.

Saudi Arabia said its crude exports to the United States would fall by around 300,000 barrels per day (bpd) between February and March, boosting price sentiment.

June futures on the S&P TSX index were up 0.15 percent at 8:40 a.m. ET.

Canada's main stock index closed higher on Thursday, led by heavyweight financial sector shares a day after the federal budget held off from raising taxes on investors.

Dow Jones Industrial Average e-mini futures were up 0.25 percent at 8:40 a.m. ET, while S&P 500 e-mini futures were up 0.21 percent and Nasdaq 100 e-mini futures were up 0.28 percent.

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