CANADA STOCKS-Futures up as oil prices rise

Wed Apr 6, 2016 7:27am EDT
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April 6 (Reuters) - Canadian stock futures edged higher on Wednesday as oil futures recovered from one-month lows, rising more than 2 pct on hopes for an agreement among exporters to freeze output.

June futures on the S&P TSX index were up 0.37 percent at 7:15 a.m. ET.

Ivey purchasing index data is due at 10:00 a.m. ET

Canada's main stock index lost ground on Tuesday as financial stocks weighed after the country's trade deficit unexpectedly jumped and exports slumped, while energy companies pulled back as oil prices lifted off a one-month low.

Dow Jones Industrial Average e-mini futures were up 0.15 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.18 percent and Nasdaq 100 e-mini futures were up 0.2 percent.

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Royal Bank of Canada, Canada's biggest lender, faces shareholders at its annual meeting in Montreal on Wednesday amid concerns over its oil and gas exposure following an increase in bad loans in the first quarter.   Continued...