CANADA STOCKS-TSX futures edge higher as oil price strengthens

Mon Aug 8, 2016 7:32am EDT
 
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Aug 8 (Reuters) - Stock futures pointed to a slightly higher start for Canada's main stock index on Monday as oil prices rose.

Oil prices rose more than 1 percent, boosted by fresh calls by some members of the Organization of the Petroleum Exporting Countries to freeze production levels to rein in output, which has consistently outpaced demand.

September futures on the S&P TSX index were up 0.07 percent at 7:15 a.m. ET.

Canadian building permits data for June is due at 8:30 a.m. ET

Canada's main stock index rose to a one-year high on Friday, led by financial and energy stocks after strong U.S. jobs data raised expectations for a hike in U.S. interest rates.

Dow Jones Industrial Average e-mini futures were up 0.19 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.20 percent and Nasdaq 100 e-mini futures were up 0.26 percent.

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

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