CANADA STOCKS-Futures higher, tracking gains in oil

Thu Jan 28, 2016 7:23am EST
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Jan 28 (Reuters) - Canada's main stock index futures were trading modestly higher on Thursday as oil prices jumped to three-week highs on hopes that major producers would cut output, a day after the U.S. Federal Reserve kept interest rates unchanged.

March futures on the S&P TSX index were up 0.18 percent at 7:15 a.m. ET.

No major economic events are scheduled for the day.

The Toronto Stock Exchange's S&P/TSX composite index rallied on Wednesday as strength in crude oil prices supported energy and banking stocks, although paring gains after the U.S. Federal Reserve interest rate decision.

Dow Jones Industrial Average e-mini futures were down 0.08 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.07 percent and Nasdaq 100 e-mini futures were up 0.4 percent.

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