CANADA STOCKS-Futures point to lower open for TSX

Tue Feb 24, 2015 7:33am EST
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Feb 24 (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index on Tuesday, with March futures on the S&P TSX index down 0.27 percent at 7:15 a.m. ET.

No major economic events are scheduled for the day.

U.S. Fed chair Janet Yellen testifies before Congress on Tuesday and there is much uncertainty over whether she will echo the dovish tone of the minutes from the Fed's last meeting, or reaffirm June as a window for a first rate hike.

Canada's main stock index edged higher on Monday as weakness in shares of banks and insurers was offset by a surge in Valeant Pharmaceuticals International Inc after the drugmaker announced a major acquisition.

Dow Jones Industrial Average e-mini futures were up 0.04 percent at 7:15 a.m. ET on Tuesday, while S&P 500 e-mini futures were down 0.04 percent and Nasdaq 100 e-mini futures were down 0.06 percent. (Morning News Call newsletter; The Day Ahead newsletter


Husky Energy Inc, Canada's No.3 integrated oil company, said it filed a shelf offering to raise up to C$3 billion.

Canadian fertilizer and farm retail dealer Agrium Inc reported a better-than-expected fourth-quarter profit helped by higher prices for most grains and oilseeds.   Continued...