CANADA STOCKS-Oil prices lift TSX futures; GDP data awaited

Fri Apr 28, 2017 7:44am EDT
 
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April 28 (Reuters) - Canada's main stock index futures were trading higher on Friday as oil prices rebounded after dropping to a one-month low the previous day.

June futures on the S&P TSX index were up 0.13 percent at 7:15 a.m. ET.

Canada's gross domestic growth data, due at 8:30 a.m. ET, is likely to show economic growth was flat in February. While that will mark a step down from January's strong 0.6 percent pace, analysts still expect the economy is on track for a solid first quarter.

Monthly and annualized producer price data is also due at 8:30 a.m. ET.

Canada's benchmark stock index closed nearly 1 percent lower on Thursday, pulled lower by heavyweight banking stocks after an alternative lender's funding troubles raised concerns about the health of the housing market.

Dow Jones Industrial Average e-mini futures were up 0.08 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.09 percent and Nasdaq 100 e-mini futures were up 0.08 percent.

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