Futures for Canada’s main stock index were lower on Wednesday as oil prices dropped on expectations that OPEC may increase crude output to cover any supply shortages from Venezuela and Iran.
June futures on the S&P TSX index were down 0.44 percent at 7:15 a.m. ET.
Canada’s main stock index edged lower on Tuesday, breaking its longest winning run in more than four years as shares of energy and materials companies lost ground.
Dow Jones Industrial Average e-mini futures were down 0.73 percent at 7:15 a.m. ET, while S&P 500 e-mini futures fell 0.61 percent and Nasdaq 100 e-mini futures were 0.93 percent lower.
(Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)
