CANADA STOCKS-Stock futures fall as economy shrinks in Nov

Fri Jan 30, 2015 8:56am EST
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(Updates data, story)

Jan 30 (Reuters) - Stock futures pointed to a lower start for Canada's main stock index on Friday after GDP data showed economy unexpectedly shrank 0.2 percent in November.

March futures on the S&P TSX index were down 0.56 percent at 8.45 a.m. ET.

Canada's economy shrank on weaker manufacturing, mining and oil and gas extraction, Statistics Canada data indicated on Friday.

Dow Jones Industrial Average e-mini futures were down 0.92 percent at 8.45 a.m. ET, while S&P 500 e-mini futures were down 0.88 percent and Nasdaq 100 e-mini futures were down 0.47 percent. (Morning News Call newsletter; The Day Ahead newsletter


Greece's new left-wing government will cancel plans to sell the state natural gas utility and is firmly opposed to a Canadian gold mine that is among the biggest foreign investment projects in the country, the energy minister told Reuters on Friday.

Bankrupt drugmaker Dendreon Corp has reached a stalking-horse deal with Canada's Valeant Pharmaceuticals International Inc to sell the worldwide rights to its cancer vaccine, Provenge, and certain assets for $296 million.   Continued...