CANADA STOCKS-Futures edge up ahead of central bank rate decision

Wed May 27, 2015 7:33am EDT
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May 27 (Reuters) - Stock futures pointed to a slightly higher opening for Canada's main stock index on Wednesday ahead of the Bank of Canada's rate decision announcement due at 10 a.m. ET (1400 GMT).

June futures on the S&P TSX index were up 0.03 percent at 7:15 a.m. ET.

The Bank of Canada will issue its decision on interest rates but is expected to keep its key rate at 0.75 percent.

Canada's main stock index stumbled on Tuesday as gold miners, banks and energy companies led a broad sell-off that had value investors cheering as data reminded the market that U.S. interest rates will eventually rise.

Dow Jones Industrial Average e-mini futures were up 0.1 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.11 percent and Nasdaq 100 e-mini futures were up 0.12 percent. (Morning News Call newsletter; The Day Ahead newsletter


National Bank of Canada, the country's sixth-largest lender, on Wednesday reported a 12.5 percent rise in quarterly profit, largely helped by its financial markets business.

Crescent Point Energy Inc, Canada's No.4 independent oil and gas producer, said on Tuesday it has agreed to acquire Legacy Oil + Gas Inc for shares and debt worth C$1.53 billion ($1.23 billion), adding oil production in its core regions in Western Canada and North Dakota.

General Electric Co is in advanced talks to sell assets of its vehicle fleet management business, GE Capital Fleet Services, to Element Financial Corp, Bloomberg reported, citing people familiar with the matter.   Continued...