CANADA STOCKS-Futures fall as oil prices edge lower

Fri Apr 1, 2016 7:23am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

April 1 (Reuters) - Canadian stock futures were lower on Friday as oil prices fell more than 2 percent amid growing scepticism that a looming deal to freeze crude production can help clear a global glut.

June futures on the S&P TSX index were down 0.56 percent at 7:15 a.m. ET.

RBC manufacturing PMI data is due at 9:30 a.m. ET.

Canada's main stock index ended slightly lower on Thursday as losses for materials and financial stocks canceled out advances for energy stocks, whose recent strength helped the index notch its best monthly performance in more than four years.

Dow Jones Industrial Average e-mini futures were down 0.31 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were down 0.35 percent and Nasdaq 100 e-mini futures were down 0.45 percent.

(Morning News Call newsletter; The Day Ahead newsletter


Canada plans to stick with major investment plans included in last week's budget, regardless of the level of the Canadian dollar or a pick-up in short-run growth, Finance Minister Bill Morneau said on Friday.   Continued...