CANADA STOCKS-Futures little changed as investors await GDP data

Wed May 31, 2017 7:29am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

May 31 (Reuters) - Stock futures pointed to a flat opening for Canada's main stock index on Wednesday as investors awaited a report on gross domestic product (GDP) to gauge the health of the economy.

The first-quarter GDP data is expected to show an annualized growth rate of 3.9 percent, up from 2.6 percent in the previous quarter. The report is due at 8:30 a.m. ET.

June futures on the S&P TSX index were up 0.08 percent at 7:15 a.m. ET.

Canada's main stock index fell on Tuesday amid broad declines among oil and gas companies, hurt in part by a slide in crude oil prices and political tension in Western Canada over a Kinder Morgan pipeline project.

Dow Jones Industrial Average e-mini futures were up 0.10 percent at 7:15 a.m. ET. S&P 500 e-mini futures were up 0.12 percent and Nasdaq 100 e-mini futures were up 0.27 percent.

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


Messy political infighting over a pipeline threatens to divide Canada's left just as it gears up to name a new leader to face Prime Minister Justin Trudeau, jeopardizing the New Democrats' chances of gaining power-broker status in the 2019 election.   Continued...