TSX futures drop as lower oil prices offset U.S. stimulus boost

Canada’s main stock index futures fell on Wednesday, after oil prices slipped as faltering demand due to the spread of the coronavirus pandemic eclipsed a $2 trillion fiscal package from Washington.

June futures on the S&P/TSX index SXFc1 were down 1.67% at 7:00 a.m. ET.

The Toronto Stock Exchange’s S&P/TSX .GSPTSE closed 11.96% firmer at 12,571.08 on Tuesday.

Dow Jones Industrial Average e-mini futures 1YMc1 were up 0.19% at 7:00 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.72% and Nasdaq 100 e-mini futures NQc1 were down 0.52%. .N

The U.S. stimulus deal, billed as a $2 trillion package, is expected to include $500 billion in direct payments to people and $500 billion in liquidity assistance.