CANADA STOCKS-Futures gain after oil prices pare losses

Mon Jan 18, 2016 7:27am EST
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Jan 18 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Monday after oil prices retreated from multi-year lows.

March futures on the S&P TSX index were up 0.31 percent at 7:15 a.m. EST (1215 GMT).

No major economic events are scheduled for the day. .

Canada's main stock index fell more than 2 percent on Friday as a further slide in crude oil prices weighed heavily on energy shares, while jitters about domestic and global economic growth hit banks and industrial and consumer names.

Dow Jones Industrial Average e-mini futures were up 0.31 percent at 7:15 a.m. EST, while S&P 500 e-mini futures were up 0.35 percent and Nasdaq 100 e-mini futures were up 0.37 percent.

U.S. stock markets are closed on Monday for the Martin Luther King Jr. holiday. (Morning News Call newsletter; The Day Ahead newsletter


Oil and gas producer Suncor Energy Inc said it had reached an agreement to buy Canadian Oil Sands Ltd after raising its all-stock offer, valuing the deal at about C$4.24 billion ($2.93 billion) excluding debt.   Continued...