CANADA STOCKS-Futures suggest lower opening to week

Mon Mar 7, 2016 7:48am EST
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March 7 (Reuters) - Canada's main stock index was poised to open lower after scaling a new high for 2016 in the previous session and a 3.2 percent gain over the week.

March futures on the S&P TSX index were down 0.36 percent at 7:30 a.m. ET on Monday.

The index futures mirrored cautious sentiment on European bourses where investors abstained from placing big bets ahead of the European Central Bank's policy meeting later this week.

Weakness in commodity prices reduced risk appetite. Copper and zinc prices retreated from four-month highs, hurt by a firmer dollar and as investors locked in gains from a rally.

The Toronto Stock Exchange's S&P/TSX composite index rose on Friday as resource stocks tracked commodity prices higher and after data showed a better-than-expected U.S. jobs gain and record Canadian exports.

Dow Jones Industrial Average e-mini futures were down 0.22 percent at 7:30 a.m. ET. S&P 500 e-mini futures were down 0.34 percent and Nasdaq 100 e-mini futures were down 0.42 percent.

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