CANADA STOCKS-Futures gain as oil prices rise

Thu Sep 8, 2016 7:31am EDT
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Sept 8 (Reuters) - Stock futures indicated a higher opening for Canada's main stock index on Thursday, driven by a jump in oil prices after data showed a marked reduction in U.S. crude stocks.

The large drawdown in U.S. crude reserves reflected the temporary impact of Tropical Storm Hermine, which threatened the Gulf Coast refining region last week before moving to the East Coast of the United States.

September futures on the S&P TSX index were up 0.16 percent at 7:10 a.m. ET.

Building permits data and new housing price index data for July is due at 8:30 a.m. ET. Capacity utilization data for the second quarter is also expected at 8:30 a.m. ET.

Canada's main stock index slipped on Wednesday as shares in some mining and telecom companies and a convenience store operator weighed, although rising energy stocks limited losses.

Dow Jones Industrial Average e-mini futures were up 0.04 percent at 7:10 a.m. ET. S&P 500 e-mini futures were up 0.06 percent and Nasdaq 100 e-mini futures were up 0.02 percent.

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