CANADA STOCKS-TSX futures lower on Trump tax cut doubts

Wed Mar 22, 2017 7:36am EDT
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March 22 (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index on Wednesday on growing doubts whether U.S. President Donald Trump will be able to deliver on promised tax cuts.

Investors see the Trump administration's struggles to push through the healthcare overhaul as a sign he may also face setbacks delivering promised corporate tax cuts.

Adding to pressure, oil prices slipped after data showed U.S. crude inventories rising faster than expected.

June futures on the S&P TSX index were down 0.15 percent at 7:10 a.m. ET.

No economic indicators are scheduled for release.

Canada's benchmark stock index fell on Tuesday, with heavyweight financial stocks following Wall Street banks lower as investors fretted about U.S. President Donald Trump's ability to boost growth and energy stocks weighing with lower oil prices.

Dow Jones Industrial Average e-mini futures were down 0.19 percent at 7:10 a.m. ET, while S&P 500 e-mini futures were down 0.07 percent and Nasdaq 100 e-mini futures were down 0.06 percent.

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