CANADA STOCKS-Futures lower on oil price fall, Fed worries

Fri Sep 11, 2015 7:43am EDT
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Sept 11 (Reuters) - Canada's main stock index was set to open lower on Friday as oil prices fell more than 2 percent and investors prepared for a possible rate hike by the U.S. Federal Reserve next week.

Oil prices declined after Goldman Sachs cut its crude forecasts, citing global oversupply and concerns over the Chinese economy, and after Saudi Arabia dismissed the idea of an oil producer summit.

September futures on the S&P TSX index were down 0.68 percent at 7:15 a.m. ET.

No major economic data is scheduled for release in the day.

Canada's main stock index rose on Thursday, buoyed by a surge in Bombardier's shares, gains in some retailers on rosy results and a bump in oil and gas company shares as the price of crude oil rallied.

Dow Jones Industrial Average e-mini futures were down 0.29 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were down 0.36 percent and Nasdaq 100 e-mini futures were down 0.43 percent.

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