CANADA STOCKS-TSX set for lower open as oil prices fall

Mon Mar 21, 2016 7:22am EDT
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March 21 (Reuters) - Canadian stock futures were slightly lower on Monday, as oil prices fell under pressure from signs that some U.S. producers increased drilling and from uncertainty over a meeting of the world's major exporters next month to discuss freezing output.

June futures on the S&P TSX index were down 0.05 percent at 7:15 a.m. ET.

Canada's main stock index fell on Friday, erasing the week's gains with a pullback in energy and banking stocks as well as slips in telecom and consumer staples names offsetting modest gains for industrial and materials stocks.

Dow Jones Industrial Average e-mini futures were up 0.09 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 0.11 percent.

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Canada's Pacific Exploration & Production Corp said it chose not to make an interest payment due March 28, as the company works with debtholders to restructure debt.