CANADA STOCKS-TSX drops as producer prices hit lowest since Dec 2014

Tue Mar 29, 2016 9:00am EDT
 
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March 29 (Reuters) - Canadian stock futures inched lower on Tuesday, after data showed the biggest monthly decline for producer prices in over a year, driven by a drop in prices for energy and petroleum products.

Canadian producer prices fell 1.1 percent in February, far exceeding economists' expectations for a decline of 0.2 percent, data from Statistics Canada showed.

June futures on the S&P TSX index were down 0.64 percent at 8:55 a.m. ET.

Canada's main stock rose on Monday following a long weekend, as strengthening financial and consumer shares offset losses in healthcare and commodity-related stocks.

Dow Jones Industrial Average e-mini futures were down 0.39 percent at 8:55 a.m. ET, while S&P 500 e-mini futures were down 0.30 percent and Nasdaq 100 e-mini futures were down 0.23 percent.

(Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)

COMMODITIES AT 8:55 a.m. ET   Continued...