CANADA STOCKS-TSX set for lower open on weak commodity prices

Thu Sep 11, 2014 7:26am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

Sept 11 (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index on Thursday, pulled lower by a sharp drop in commodity prices with gold falling to a near three-month low and Brent crude trading at a 17-month low below $98 a barrel.

September futures on the S&P TSX index <0#SXF:> were down 0.18 percent at 0715 ET.

New housing price index for July is due at 0830 ET.

Canada's main stock index declined on Wednesday, weighed down by worries that U.S. interest rates might rise and by a drop in energy shares spurred by lower oil prices.

Dow Jones Industrial Average e-mini futures were down 0.29 percent at 0715 ET, while S&P 500 e-mini futures were down 0.29 percent. Nasdaq 100 e-mini futures were down 0.23 percent. (Morning News Call newsletter; The Day Ahead newsletter


Yogawear chain Lululemon Athletica Inc reported on Thursday a better-than-expected quarterly profit, helped by higher online sales.

Empire Co Ltd, the operator of Canadian grocery chain Sobeys Inc, reported a better-than-expected quarterly profit.

Pembina Pipeline Corp, which operates a regional pipeline network in Western Canada, said on Wednesday it will boost the size of a planned C$2 billion expansion, adding an additional 420,000 barrels per day of capacity to its system.   Continued...