CORRECTED-CANADA STOCKS-Oil prices support TSX futures

Thu Apr 20, 2017 1:17pm EDT
 
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(Corrects to remove reference to inflation data expectations in headline and fourth paragraph as the data is due on Friday, not Thursday)

April 20 (Reuters) - Canada's main stock index was set to open higher on Thursday as oil prices rose after leading Gulf oil producers signalled a likely extension of OPEC-led supply cuts beyond the middle of the year.

Saudi Arabia and Kuwait signalled that an effort by the Organization of the Petroleum Exporting Countries and other producers, including Russia, to cut oil output was likely to be extended beyond June.

June futures on the S&P TSX index were up 0.38 percent at 7:15 a.m. ET.

Canada's main stock index fell on Wednesday as sliding oil prices weighed on energy stocks, while solid earnings boosted Rogers Communications Inc and BlackBerry Ltd gained on a deal to get its cyber security tools in front of more potential customers.

Dow Jones Industrial Average e-mini futures were up 0.17 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.25 percent and Nasdaq 100 e-mini futures were up 0.3 percent.

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