CANADA STOCKS-Futures down as oil prices fall to near 3-month lows

Tue Jul 26, 2016 7:43am EDT
 
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July 26 (Reuters) - Stock futures pointed to a lower start for Canada's main stock index on Tuesday as oil prices fell to their lowest level in nearly three months.

Oil hit its lowest since May, falling towards $44 per barrel, pressured by concerns that a long-awaited rebalancing of the market would be delayed due to excess supply.

September futures on the S&P TSX index were down 0.11 percent at 7:30 a.m. ET.

Canada's benchmark stock index lost ground on Monday, weighed by energy stocks that retreated with oil and to a lesser extent by gold miners hurt by lower prices for bullion.

No major Canadian data is scheduled for release on Tuesday.

Dow Jones Industrial Average e-mini futures were up 0.01 percent at 7:30 a.m. ET, while S&P 500 e-mini futures were down 0.07 percent and Nasdaq 100 e-mini futures were up 0.05 percent.

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

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