Futures Gain as Oil Edges Higher
Stock futures pointed to a higher opening for Canada's main stock index on Tuesday as oil prices rose on hopes that OPEC and non-OPEC producers may be edging closer to a deal to tackle one of the biggest supply gluts in decades.
March futures on the S&P TSX index were up 0.63 percent at 7:30 a.m. ET.
No major economic events are scheduled for the day.
The Toronto Stock Exchange's S&P/TSX composite index fell on Monday as last week's crude-induced rally fizzled out and a fall in oil prices weighed on the shares of energy and financial companies.
Dow Jones Industrial Average e-mini futures were up 0.22 percent at 7:30 a.m. ET, while S&P 500 e-mini futures were up 0.32 percent and Nasdaq 100 e-mini futures were up 0.27 percent.
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Reporting by Nikhil Kumar
