CANADA STOCKS-TSX futures point to higher open on China stimulus hopes

Tue Mar 25, 2014 7:23am EDT
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March 25 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Tuesday on hopes of monetary stimulus measures by China and on a growing sense that the East-West rift over Ukraine was unlikely to get out of hand.

June futures on the S&P TSX index <0#SXF:> were up 0.22 percent at 0715 ET.

The index slipped on Monday as disappointing economic data from China weighed on sentiment and a slump in the price of bullion sent gold-mining shares tumbling.

Dow Jones industrial average futures were up 0.14 percent at 0715 ET, S&P 500 futures were up 0.19 percent and Nasdaq 100 futures were up 0.17 percent.

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Russia said it would bar 13 Canadian officials, lawmakers and public figures in retaliation for sanctions imposed by Canada over Russia's annexation of Crimea.

Canada's financial benchmarks have not been manipulated the way the London Interbank Offered Rate (Libor) has, and the country is tightening rules to make sure they never are, Bank of Canada Deputy Governor Tim Lane said.

Canadian National Railway Co and the Teamsters union will meet on Wednesday to make a final attempt at reaching a labor deal for some 3,000 conductors, yard workers, and traffic coordinators.   Continued...