CANADA STOCKS-Futures slip on falling oil prices

Mon Sep 12, 2016 7:40am EDT
 
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Sept 12 (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index on Monday as oil prices fell after a report showed that U.S. drillers last week continued their streak of rig additions.

Oil prices were further pressured after OPEC on Monday raised its forecast of oil supplies from non-member countries in 2017 as new fields come online and U.S. shale drillers prove more resilient than expected to cheap crude.

September futures on the S&P TSX index were down 0.26 percent at 7:15 a.m. ET.

Canada's main stock index suffered its biggest loss since February on Friday, slumping to a five-week low as higher bond yields in major economies pressured global stock and commodity markets.

Dow Jones Industrial Average e-mini futures were down 0.60 percent at 7:15 a.m. ET. S&P 500 e-mini futures were down 0.59 percent and Nasdaq 100 e-mini futures were down 0.75 percent.

(Morning News Call newsletter link.reuters.com/nex49s ; The Day Ahead newsletter link.reuters.com/mex49s)

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