CANADA STOCKS-TSX set to open higher, FOMC minutes eyed

Wed May 21, 2014 7:23am EDT
 
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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.

(Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)

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