July 29, 2014 / 11:29 AM / 3 years ago

TSX futures indicate modestly higher open

2 Min Read

A sign board displaying Toronto Stock Exchange (TSX) stock information is seen in Toronto June 23, 2014.Mark Blinch

(Reuters) - Canadian stocks looked set to open modestly higher on Tuesday, with September futures on the S&P TSX index up 0.1 percent at 0715 ET.

The index was little changed on Monday as a decline in shares of energy producers, as oil prices dropped, neutralized strength in mining shares.

Dow Jones Industrial Average e-mini futures were up 0.12 percent at 0715 ET, while S&P 500 e-mini futures were up 0.09 percent. Nasdaq 100 e-mini futures were up 0.13 percent.

No major Canadian economic data is due for release on Tuesday.

Top Stories [Top/Can]

Talisman Energy Inc TLM.TO, which has been approached by Spain's Repsol SA (REP.MC) for talks over a potential deal, reported a 4 percent rise in second-quarter revenue, helped by an increase in North American drilling.

WestJet Airlines Ltd (WJA.TO) posted a bigger-than-expected quarterly profit as higher ticket prices and fees helped it offset steeper fuel costs and a weaker Canadian dollar.

Fortis Inc (FTS.TO) is pushing ahead with a C$400 million expansion of its Tilbury liquefied natural gas plant in British Columbia, as the gas distributor looks to meet growing domestic demand for the super-chilled fuel.

($1= $1.08 Canadian)

Reporting by Mononshila Deka in Bangalore

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