CANADA STOCKS-TSX set to open higher, FOMC minutes eyed
May 21 (Reuters) - Canadian stocks looked set to open higher on Wednesday as investors awaited minutes from the U.S. Federal Reserve's April policy meeting, which could shed light on the likelihood and timing of interest rate rises.
June futures on the S&P TSX index <0#SXF:> up 0.18 percent at 0715 ET.
No major economic data is due for release.
The index was little changed on Tuesday as an advance in the materials sector and gains in Valeant Pharmaceuticals International Inc helped offset weakness in some financial shares.
Dow Jones Industrial Average futures were up 0.18 percent at 0715 ET, while S&P 500 futures were up 0.19 percent and Nasdaq 100 futures were up 0.38 percent.
Sears Canada Inc's first-quarter loss more than doubled as sales continued to decline with low demand for spring merchandise. Continued...