CANADA STOCKS-Futures indicate a higher start as oil prices rise

Thu Feb 9, 2017 7:42am EST
 
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Feb 9 (Reuters) - Canada's main stock index was set for a higher start on Thursday, tracking gains in oil prices following an unexpected fall in U.S. gasoline inventories.

The U.S. Energy Information Administration (EIA) said on Wednesday gasoline inventories fell by 869,000 barrels last week to 256.2 million barrels, versus analyst expectations for a 1.1 million-barrel gain.

March futures on the S&P TSX index were up 0.3 percent at 7:15 a.m. ET.

Canada's new housing price index data for December is due at 08:30 am ET.

The Toronto Stock Exchange's S&P/TSX composite index ended up on Wednesday after a slow start as an oil price rebound helped some energy stocks, and gold and base metal miners rose as political uncertainty boosted bullion and a likely squeeze on supply pushed copper prices higher.

Dow Jones Industrial Average e-mini futures were up 0.18 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.2 percent and Nasdaq 100 e-mini futures were up 0.13 percent.

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