CANADA STOCKS-TSX set to open lower on renewed Ukraine worries

Thu Aug 28, 2014 7:25am EDT
 
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Aug 28 (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index on Thursday on renewed worries over turmoil in Ukraine and ahead of the release of U.S. GDP data.

September futures on the S&P TSX index <0#SXF:> were down 1.7 percent at 0720 ET.

Current account data is due at 0830 ET.

Canada's main stock index was little changed on Wednesday, a day after hitting a record high, as weakness in energy and materials shares was offset by a gain in National Bank of Canada after the lender reported quarterly results.

Dow Jones Industrial Average e-mini futures were down 0.22 percent at 0720 ET, while S&P 500 e-mini futures were down 0.24 percent and Nasdaq 100 e-mini futures were down 0.21 percent. (Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)

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Toronto-Dominion Bank reported a higher quarterly profit, boosted by strong gains at its core Canadian retail business and the impact of buoyant capital markets on its investment banking and trading arm.

Canadian Imperial Bank of Commerce reported a higher third-quarter profit, helped by strong gains at its wealth management and investment dealer divisions.

COMMODITIES AT 0715 ET   Continued...