CANADA STOCKS-Futures tick lower as oil falls to four-year low

Tue Nov 4, 2014 7:40am EST
 
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Nov 4 (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index on Tuesday as Brent crude fell to its lowest in more than four years after top oil exporter Saudi Arabia cut sales prices to the United States.

December futures on the S&P TSX index were down 0.08 percent at 7.30 a.m. ET.

The Canadian dollar hit a five-year trough against its U.S. counterpart.

U.S. light crude touched a session low of $75.84, its weakest level since October 2011, as its discount to Brent hovered around $6.

Statistics Canada is scheduled to release trade balance data for September at 8.30 a.m. ET.

The Toronto Stock Exchange's S&P/TSX composite index dropped on Monday as weak economic data from China made itself felt and a lower oil price hit the shares of energy producers.

Dow Jones Industrial Average e-mini futures were down 0.06 percent at 7.30 a.m. ET, while S&P 500 e-mini futures were down 0.11 percent and Nasdaq 100 e-mini futures were down 0.15 percent.

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

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