CANADA STOCKS-Futures up as oil rises further above $50

Wed Jun 22, 2016 7:14am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

June 22 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Wednesday as oil rose further above $50 a barrel after an industry report showed a large drop in U.S. crude inventories.

September futures on the S&P TSX index were up 0.20 percent at 7:15 a.m. ET.

Retail sales data is due at 8:30 a.m. ET.

Canada's main stocks edged lower on Tuesday as losses for gold ahead of a vote by Britain on its European Union membership weighed on mining stocks, offsetting gains for financial and energy stocks.

Dow Jones Industrial Average e-mini futures were up 0.16 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.16 percent and Nasdaq 100 e-mini futures were up 0.23 percent.

(Morning News Call newsletter; The Day Ahead newsletter


Encana Corp said on Tuesday it reached an agreement to sell its Gordondale oil and gas assets in northwestern Alberta to Birchcliff Energy Ltd for C$625 million   Continued...