CANADA STOCKS-Futures rise ahead of ECB decision

Thu Jan 22, 2015 7:32am EST
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Jan 22 (Reuters) - Canadian stock were set for a higher opening on Thursday ahead of European Central Bank's (ECB) policy meeting, where it is expected to announce a plan to buy government bonds.

March futures on the S&P TSX index were up 0.47 percent at 7.15 a.m. ET.

No economy data is due on Thursday.

Canada's main stock index rallied on Wednesday after the central bank cut its benchmark rate in a shock move, helping boost shares of energy companies as well as interest-sensitive banks and other financial issues.

The ECB's meeting is scheduled for 1330 GMT on Thursday.

Dow Jones Industrial Average e-mini futures were up 0.20 percent at 7.15 a.m. ET, while S&P 500 e-mini futures were up 0.16 percent and Nasdaq 100 e-mini futures were up 0.03 percent. (Morning News Call newsletter; The Day Ahead newsletter


Royal Bank of Canada said it would buy City National Corp, a U.S. lender serving high net worth clients, in a cash-and-stock deal valued at $5.4 billion.

The Bank of Canada joined the list of "unpredictable" central banks on Wednesday with a shock quarter point rate cut as the European Central Bank prepared a 600 billion euro ($695 billion) bond-buying program aimed at lifting Europe out of its economic doldrums.   Continued...