CANADA STOCKS-TSX set to open lower

Wed Feb 11, 2015 7:25am EST
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Feb 11 (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index on Wednesday, with March futures on the S&P TSX index down 0.39 percent at 7:15 a.m. ET.

No major economic events are scheduled for Wednesday .

Canada's benchmark stock index eked out a small gain on Tuesday, with a broad but shallow rally mostly canceled out by resources stocks' retreat amid further oil price slips.

Dow Jones Industrial Average e-mini futures were down 0.18 percent at 7:15 a.m. ET on Wednesday, while S&P 500 e-mini futures were down 0.13 percent and Nasdaq 100 e-mini futures were down 1.50 percent. (Morning News Call newsletter; The Day Ahead newsletter


Air Canada, the largest airline in the country by revenue, reported a bigger quarterly net loss as a weak Canadian dollar contributed to a 9 percent rise in operating costs.

U.S. fertilizer company Mosaic Co said quarterly profit nearly tripled, helped by a gain of 10 cents per share and strong demand for phosphates and potash.

Kinross Gold Corp will not go ahead with a $1.6 billion expansion of its Tasiast mine in Africa's northwest because of the weak gold price, the Toronto-based miner said on Tuesday, as it also reported an unexpected fourth-quarter loss.   Continued...