Canada’s Toronto futures fall over retreating oil prices

Retreating oil prices impacted the Canadian stock futures on Friday, with investors awaiting GDP data for signals about the pace of the country’s economic recovery.
Oil has fallen below $78 a barrel on the prospect that OPEC+ producers might step up a planned increase in global production to ease supply concerns.
December futures on the S&P/TSX index were down 0.5% at 7:00 a.m. ET. Data for Canada’s July GDP is due at 08:30 a.m. Eastern Time.
The Toronto Stock Exchange’s S&P/TSX composite index (.GSPTSE) ended 0.44% lower at 20,070.25 on Thursday, marking a two-month closing low and Manufacturing sales data for September is expected at 09:30 a.m. ET.
Dow e-minis were down by 156 points, or 0.46% at 7:00 a.m. ET, while S&P 500 e-minis were down by 17.75 points, or 0.41% and Nasdaq 100 e-minis were down 56.5 points, or 0.38%.