CANADA STOCKS-Futures higher as oil nudges $50 per barrel

Wed May 25, 2016 7:42am EDT
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May 25 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Wednesday as oil prices rose towards $50 per barrel on expectations of shrinking supply due to well fires in Canada and other outages.

June futures on the S&P TSX index were up 0.47 percent at 7:15 a.m. ET.

Bank of Canada rate decision is due at 10:00 a.m. ET .

Canada's main stock index closed higher on Tuesday as strength in the financial sector ahead of the bank earnings season helped overcome a slump in shares of gold miners.

Dow Jones Industrial Average e-mini futures were up 0.34 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.35 percent and Nasdaq 100 e-mini futures were up 0.40 percent.

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