CANADA STOCKS-Futures rise after BoE cuts rates

Thu Aug 4, 2016 7:35am EDT
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Aug 4 (Reuters) - Canada's main stock index was set to open higher on Thursday after the Bank of England cut interest rates for the first time since 2009 in a bid to support economic growth.

The central bank lowered its main lending rate to a record-low 0.25 percent from 0.5 percent and said it would buy 60 billion pounds of government debt to ease the blow from Britain's June 23 vote to leave the European Union.

September futures on the S&P TSX index were up 0.15 percent at 7:20 a.m. ET.

Canada's main stock index gained on Wednesday as shares in energy companies benefited from a rebound in oil prices, offsetting losses among gold miners and other materials stocks.

No major Canadian data is scheduled for release on Thursday.

Dow Jones Industrial Average e-mini futures were up 0.31 percent at 7:20 a.m. ET, while S&P 500 e-mini futures were up 0.29 percent and Nasdaq 100 e-mini futures were down 0.15 percent.

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