CANADA STOCKS-Futures point to a lower start as oil prices fall

Fri Feb 24, 2017 7:15am EST
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Feb 24 (Reuters) - Stock futures indicated a lower start for Canada's main stock index on Friday as oil prices slipped due to a surge in U.S. crude inventories for a seventh week.

March futures on the S&P TSX index were down 0.42 percent at 7:15 a.m. ET.

Canadian inflation data is due at 8:30 a.m. ET.

The Toronto Stock Exchange's S&P/TSX composite index fell to a 10-day low on Thursday as financial and industrial shares pared recent gains, while the materials group lost ground as base metal prices slumped.

Dow Jones Industrial Average e-mini futures were down 0.38 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were down 0.41 percent and Nasdaq 100 e-mini futures were down 0.52 percent.

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Royal Bank of Canada reported a 24 percent rise in first-quarter net income to more than C$3 billion, beating analysts expectations.   Continued...