CANADA STOCKS-TSX may open higher, investors eye Fed meeting

Wed Apr 30, 2014 7:42am EDT
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April 30 (Reuters) - Stock futures pointed to a higher opening for Canadian stocks on Wednesday, ahead of the Federal Reserve's policy meeting to decide on stimulus tapering.

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

GDP and producer prices data are due at 0830 ET

The index climbed on Tuesday to its strongest level in almost six years as robust results from Suncor Energy Inc boosted shares of the oil producer and higher oil prices lifted other energy stocks.

Dow Jones Industrial Average futures were down 0.15 percent, S&P 500 futures were down 0.10 percent and Nasdaq 100 futures were down 0.29 percent.

Fed officials are expected to decide unanimously at the conclusion of their two-day meeting on Wednesday to continue tapering the central bank's massive bond-buying stimulus. Investors will focus on what their statement implies about the monetary policy outlook. (Morning News Call newsletter; The Day Ahead newsletter


Barrick Gold Corp , the world's largest gold miner, reported a 90 percent fall in quarterly earnings, hurt by lower gold prices and production.

Canadian oil and gas producer Cenovus Energy Inc reported a better-than-expected operating profit, helped by a 48 percent jump in production at its Christina Lake oil sands project in northern Alberta.   Continued...