CANADA STOCKS-TSX set for higher open after GDP data

Tue May 31, 2016 9:09am EDT
 
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(Updates with GDP data)

May 31 (Reuters) - Canada stock futures inched higher on Tuesday after data showed that economic growth picked up in the first quarter.

While, gross domestic product grew at a slower-than-forecast 2.4 percent annualized rate in the quarter it marked a rebound from a downwardly revised 0.5 percent in the fourth quarter.

June futures on the S&P TSX index were up 0.18 percent at 8:45 a.m. ET.

Canada's main stock index edged lower on Monday as energy stocks retreated ahead of a meeting of oil producers later in the week, while mining stocks and financials also fell in a low-volume session.

Dow Jones Industrial Average e-mini futures were up 0.16 percent at 8:45 a.m. ET, while S&P 500 e-mini futures were up 0.10 percent and Nasdaq 100 e-mini futures were up 0.14 percent.

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

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