(Reuters) – Futures pointed to a lower opening for Canada’s main stock index on Friday as oil prices dipped due to higher output from top exporter Saudi Arabia and under pressure from a trade war between the United States and China.
FILE PHOTO: A sign board displaying Toronto Stock Exchange (TSX) stock information is seen in Toronto June 23, 2014. REUTERS/Mark Blinch/File Photo
Oil slipped towards $77 a barrel after Saudi Arabia told OPEC it raised production by almost 500,000 barrels per day last month.
September futures on the S&P/TSX index were down 0.37 percent at 7:15 a.m. ET.
Employment change data and trade balance numbers are due at 08:30 a.m. ET
The Toronto Stock Exchange’s S&P/TSX fell 38.11 points, or 0.23 percent, to 16,266.61 on Thursday.
Dow Jones Industrial Average e-mini futures were down 0.32 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were down 0.17 percent and Nasdaq 100 e-mini futures were down 0.22 percent.
Reporting by Debanjan Bose in Bengaluru; Editing by Arun Koyyur