CANADA STOCKS-Futures rise ahead of growth data as oil extends gains

Wed Dec 23, 2015 7:38am EST
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Dec 23 (Reuters) - Stock futures pointed to a higher start for Canada's main stock index on Wednesday as crude prices extended gains for a third straight day.

Oil prices edged up after an unexpected fall in U.S. crude inventories, but remained not far above 11-year lows as supplies remain abundant and as OPEC lowered the demand outlook for its exports.

March futures on the S&P TSX index were up 0.91 percent at 7:30 a.m. ET.

Data on gross domestic product and retail sales is due at 8:30 a.m. ET.

Canada's main stock index gained in low-volume trade on Tuesday, with rises in industrial, telecom and resource stocks offsetting the impact of subdued performance in some of the country's biggest banks.

Dow Jones Industrial Average e-mini futures were up 0.51 percent at 7:30 a.m. ET, while S&P 500 e-mini futures were up 0.38 percent and Nasdaq 100 e-mini futures were up 0.42 percent.

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