CANADA STOCKS-TSX futures higher after Fed minutes

Thu Nov 19, 2015 7:37am EST
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Nov 19 (Reuters) - Stock futures pointed to a higher opening for Canada's main index on Thursday a day after the U.S. Federal Reserve's minutes flagged a rate hike next month, but also signaled that the central bank would take things slow and steady after that.

December futures on the S&P TSX index were up 0.51 percent at 7:15 a.m. ET.

September wholesale data is due at 8:30 a.m. ET

Canada's main stock index rose to its highest close in more than a week on Wednesday led by railways, after Canadian Pacific disclosed a takeover bid.

Dow Jones Industrial Average e-mini futures were up 0.23 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.36 percent and Nasdaq 100 e-mini futures were up 0.38 percent. (Morning News Call newsletter; The Day Ahead newsletter


Canadian planemaker Bombardier Inc said Caisse de depot et placement du Quebec, which manages Quebec's public pension plans, would buy a 30 percent stake in its rail unit for $1.5 billion.

A small Canadian diamond company has found what it says is the world's second-biggest gem quality diamond ever recovered, and the largest in more than a century, at its mine in Botswana.

Canadian Pacific Railway Ltd said its proposed $28.4 billion acquisition of U.S. railroad operator Norfolk Southern Corp would help the combined company to save at least $1.8 billion annually.   Continued...