CANADA STOCKS-TSX set to fall; Bank of Canada rate decision awaited

Wed Jan 21, 2015 7:31am EST
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Jan 21 (Reuters) - Stock futures pointed to a lower start for Canada's main stock index on Wednesday as investors remained cautious ahead of Bank of Canada's rate decision.

Oil prices edged above $48 per barrel, but outlook remained weak.

March futures on the S&P TSX index were down 0.41 percent at 7.15 a.m. ET.

Wholesale trade data for November is due at 8.30 a.m. ET, while Bank of Canada will release its rate decision at 10 a.m. ET.

Canada's main stock index was little changed on Tuesday, with a rally in the gold-mining sector offset by weakness in energy shares, as investors digested economic data from China and a global growth forecast from the International Monetary Fund.

Dow Jones Industrial Average e-mini futures were down 0.46 percent at 7.15 a.m. ET, while S&P 500 e-mini futures were down 0.33 percent and Nasdaq 100 e-mini futures were down 0.34 percent. (Morning News Call newsletter; The Day Ahead newsletter


Canadian energy transportation and storage company Inter Pipeline plans to spend C$400 million on its capital program in 2015, less than a third of last year's budget, the company said on Tuesday.   Continued...