TSX futures indicate lower open
(Reuters) - Canadian stocks looked set to open lower on Wednesday as investors avoided placing fresh bets in the absence of any broad market catalyst.
June futures on the S&P TSX index <0#SXF:> were down 0.16 percent at 0715 ET.
The TSX index climbed slightly to hit its highest in nearly six years on Tuesday, buoyed by a jump in gold-mining shares after the price of bullion gained.
There is no release of economic data scheduled for Wednesday.
Dow Jones Industrial Average e-mini futures were down 0.35 percent at 0715 ET, while S&P 500 e-mini futures were down 0.44 percent. Nasdaq 100 e-mini futures were down 0.39 percent.
The battle for Allergan Inc heated up on Tuesday as the company officially rejected a sweetened $53 billion takeover offer from Valeant Pharmaceuticals International and activist investor William Ackman.
Bombardier Inc said on Tuesday that it had resumed ground engine testing of its all-new CSeries jetliner after an engine failure last week. Continued...