CANADA STOCKS-TSX set to open lower as oil prices slide

Mon Feb 23, 2015 7:26am EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

Feb 23 (Reuters) - Stock futures pointed to a lower start for Canada's main stock index on Monday as oil prices fell due to worries about an oversupply in North America.

March futures on the S&P TSX index were down 0.58 percent at 7.15 a.m. ET.

No major economic events are scheduled for the day.

Canada's main stock index ended little changed on Friday as a drop in shares of banks ahead of their results helped offset a gain in shares of Valeant Pharmaceuticals International Inc.

Dow Jones Industrial Average e-mini futures were down 0.23 percent at 7.15 a.m. ET, while S&P 500 e-mini futures were down 0.24 percent and Nasdaq 100 e-mini futures were down 0.02 percent. (Morning News Call newsletter; The Day Ahead newsletter


Canada's Valeant Pharmaceuticals International Inc agreed to acquire gastrointestinal drug maker Salix Pharmaceuticals Ltd in an all-cash deal valued at about $10.1 billion, the two companies said on Sunday.

More than 2,000 unionized workers at the Lumwana copper mine owned by Barrick Gold Corp stopped work on Monday, demanding to know what will happen to them when the company closes the business, a government official said.   Continued...