CANADA STOCKS-TSX set to open higher as Fed comments ease concerns

Tue Apr 1, 2014 8:59am EDT
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(Adds econ data)

April 1 (Reuters) - Canada's main stock index looked set to kick off the quarter on a positive note on Tuesday after U.S. Fed Chair Janet Yellen's dovish comments eased concerns about a rate hike coming earlier than expected.

June futures on the S&P TSX index <0#SXF:> were up 0.27 percent at 0845 ET.

Higher fuel prices and a weaker Canadian dollar helped lift producer prices by more than expected in February, Statistics Canada data indicated.

Shares ended higher on Monday after the U.S. Federal Reserve's assurance of continued support for the economy lifted sentiment and helped drive up shares of financial and energy companies.

Dow Jones Industrial Average futures were up 0.27 percent, S&P 500 futures were up 0.24 percent and Nasdaq 100 futures were up 0.24 percent at 0845 ET.

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