CANADA STOCKS-TSX futures point to flat start for Canadian stocks

Wed May 7, 2014 7:39am EDT
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May 7(Reuters) - Canadian stocks looked set to open little changed on Wednesday, with June futures on the S&P TSX index <0#SXF:> up 0.1 percent at 0730 ET ahead of building permits data.

Building permits figures for March are due at 0830 ET .

The index slipped on Tuesday as worries about increasing violence in Ukraine raised fears that the conflict could be have a broader impact. Almost every sector fell.

Dow Jones Industrial Average futures were up 0.23 percent at 0730 ET while S&P 500 futures were up 0.21 percent and Nasdaq 100 futures were up 0.15 percent. (Morning News Call newsletter; The Day Ahead newsletter


Encana Corp , Canada's No. 1 natural gas company, said it would buy producing assets in the Eagle Ford shale field in Texas from Freeport-McMoRan Copper & Gold Inc for $3.1 billion, nearly doubling its oil output.

Talisman Energy Inc, Canada's No.5 independent oil and gas producer, posted a first-quarter profit, compared with a year-earlier loss, as oil and natural gas liquids production in North America soared 45 percent.

Enbridge Inc, Canada's largest pipeline company, reported a 56 percent rise in quarterly profit, helped by higher volumes on its regional oil sands system.

Torstar Corp said first-quarter sales slipped, hurt by an 8 percent fall in revenue at its media business, which publishes the country's largest daily newspaper.   Continued...