(Reuters) – Futures for Canada’s main stock index rose on Tuesday, as oil prices received a boost from expectations that fuel demand would remain intact even if new coronavirus lockdowns were to be imposed.

FILE PHOTO: The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. REUTERS/Chris Helgren

December futures on the S&P/TSX index were up 0.33% at 7:30 a.m. ET.

The Toronto Stock Exchange’s S&P/TSX composite index ended 1.34% lower at 15,981.77 on Monday. [.TO]

Dow e-minis were flat while S&P 500 e-minis gained 7.75 points, or 0.24% and Nasdaq 100 e-minis were up 72 points, or 0.66%.

TOP STORIES

British Columbia will hold an election on Oct. 24, its premier said on Monday, making it the largest province in Canada so far to hold a vote during the pandemic.

Oil prices rose as analysts took the view renewed lockdown restrictions would have only a limited impact on fuel demand, partly reversing a steep drop in prices the previous day.

COMMODITIES AT 7:30 a.m. ET

Gold futures: $1,903.1; +0.05%

US crude: $39.6; +0.74%

Brent crude: $42.04; +1.45%

($1= C$1.33)

Reporting by Shashank Nayar in Bengaluru; Editing by Ramakrishnan M.

source: reuters.com

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