CANADA STOCKS-TSX futures point to slightly higher start, Fed minutes eyed
March 19 (Reuters) - Stock futures pointed to a slightly higher opening for Canada's main stock index on Wednesday ahead of the end of the U.S. Federal Reserve's two-day policy meeting, at which the central bank is widely expected to reduce the size of its monthly bond purchase program.
June futures on the S&P TSX index <0#SXF:> were up 0.09 percent at 0715 ET.
Wholesale trade data is due at 0830 ET
The S&P TSX index gained almost 1 percent on Tuesday as investors focused on signs that the crisis in Ukraine will not escalate and as central banker comments at home on slow growth were interpreted to mean interest rates will remain low.
Dow Jones industrial average futures were up 0.12 percent at 0715 ET, while S&P 500 futures were up 0.06 percent and Nasdaq 100 futures were up 0.26 percent.
Jim Flaherty, the long-serving Conservative finance minister who helped steer the economy through the global financial crisis, resigned from the cabinet on Tuesday, leaving the country on track to balance its books by 2015.
It is unlikely that bad weather has been entirely to blame for recent economic weakness in Canada, Bank of Canada Governor Stephen Poloz said on Tuesday as he warned about the risk of a prolonged period of sluggish growth. Continued...