CANADA STOCKS-TSX seen opening lower, inflation data due

Thu Apr 17, 2014 7:19am EDT
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April 17 (Reuters) - Canadian stock index futures indicated a lower open on Thursday ahead of inflation data and as disappointing earnings from Google and IBM dampened the previous session's upbeat tone.

June futures on the S&P TSX index <0#SXF:> were down 0.07 percent at 0715 ET.

Canadian inflation data is due at 0830 ET.

The S&P TSX index recorded its biggest single-day jump in more than two months on Wednesday, driven higher by supportive comments on U.S. employment by Federal Reserve Chair Janet Yellen and bullish economic data from China.

Dow Jones Industrial Average futures were down 0.22 percent at at 0715 ET, while S&P 500 futures were down 0.25 percent and Nasdaq 100 futures were down 0.06 percent.

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Bank of Canada chief Stephen Poloz said an interest rate cut was still a possibility even though the bank forecasts inflation will pick up speed this year and approach its 2 percent target.   Continued...