CANADA STOCKS-Futures lower ahead of Bank of Canada's rate decision

Wed Apr 12, 2017 7:39am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

April 12 (Reuters) - Canada's main stock index was set for a slightly lower start on Wednesday as investors awaited the Bank of Canada's interest rate decision.

The central bank is widely expected to hold rates at 0.50 percent, where they have stayed since the bank cut twice in 2015.

June futures on the S&P TSX index were down 0.12 percent at 7:15 a.m. ET.

The interest rate decision, which is due at 10:00 a.m. ET, will be followed by Governor Stephen Poloz's press conference.

Later in the day, Poloz and Senior Deputy Governor Carolyn Wilkins will testify before a House of Commons committee on finance.

The Toronto Stock Exchange's S&P/TSX composite index ended barely lower on Tuesday as financial stocks weighed, while a flight to safety helped gold miners and shares of Bombardier Inc jumped on reports it was discussing a merger of rail operations with Siemens.

Dow Jones Industrial Average e-mini futures were down 0.02 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were down 0.07 percent and Nasdaq 100 e-mini futures were down 0.05 percent.

(Morning News Call newsletter here ; The Day Ahead newsletter here)

  Continued...