CANADA STOCKS-TSX set to open lower on Yellen comments

Thu Mar 20, 2014 7:30am EDT
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March 20 (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index on Thursday after Federal Reserve Chair Janet Yellen hinted at a potential earlier-than-anticipated increase in interest rates.

June futures on the S&P TSX index <0#SXF:> were down 0.17 percent at 0715 ET.

The index slipped on Wednesday after the Fed stuck with its plan to withdraw its monetary stimulus and dropped a guideline for when interest rates may eventually rise.

Dow Jones industrial average futures were down 0.22 percent at 0715 ET, S&P 500 futures were down 0.31 percent and Nasdaq 100 futures were down 0.37 percent.

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Alberta Premier Alison Redford said she would resign as leader of the oil-rich province following an expenses scandal that sank her party's popularity.

Loral Space & Communications Inc, which holds a majority stake in satellite communications company Telesat Holdings Inc, has selected private equity firm Apax Partners and two Canadian pension funds to negotiate a sale of Telesat, people familiar with the matter said.

Peru said it was working with Bear Creek Mining to avoid being sued by the company under free trade protections over its suspended silver project.   Continued...