CANADA STOCKS-TSX set to open lower as January GDP slips

Tue Mar 31, 2015 8:53am EDT
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(Updates Canada GDP data)

March 31 (Reuters) - Stock futures pointed to a lower opening for Canadian stocks on Tuesday after data showed that the economy shrank 0.1 percent in January.

Weakness in the service sector more than offset growth in goods production, Statistics Canada said on Tuesday.

June futures on the S&P TSX index were down 0.19 percent at 8.30 a.m. ET.

The Toronto Stock Exchange's S&P/TSX composite index rose on Monday, buoyed by modest advances in the financial and energy sectors and a sharp increase in Catamaran Corp's price after UnitedHealth Group Inc agreed to buy the pharmacy-benefits manager.

Dow Jones Industrial Average e-mini futures were down 0.46 percent at 8.30 a.m. ET on Tuesday, while S&P 500 e-mini futures were down 0.47 percent and Nasdaq 100 e-mini futures were down 0.38 percent.

(Morning News Call newsletter; The Day Ahead newsletter

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