CANADA STOCKS-TSX may open higher on positive commentary by the U.S. Fed

Thu May 1, 2014 7:19am EDT
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May 1 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Thursday as investors were upbeat a day after U.S. Federal Reserve showed faith in the world's largest economy and cut its massive bond-buying program.

June futures on the S&P TSX index <0#SXF:> were up 0.16 percent at 0715 ET.

Manufacturing PMI data is due at 0930 ET

The index advanced to its highest level in almost six years on Wednesday after positive commentary on the U.S. economy by Federal Reserve Chair Janet Yellen helped reassure investors and drive broad gains.

Dow Jones Industrial Average futures were up 0.07 percent, S&P 500 futures were up 0.05 percent and Nasdaq 100 futures were up 0.27 percent at 0715 ET. (Morning News Call newsletter; The Day Ahead newsletter


Bombardier Inc reported lower-than-expected quarterly revenue as it earned less from the sale of its aircraft.

Manulife Financial Corp said its first-quarter profit rose by more than 50 percent, helped by a stronger investment performance.   Continued...