CANADA STOCKS-TSX futures rise as earnings season gathers steam

Thu May 4, 2017 7:46am EDT
 
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May 4 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Thursday ahead of quarterly updates from some major companies including SNC Lavalin and Mitel Networks.

June futures on the S&P TSX index were up 0.2 percent at 7:15 a.m. ET.

Investors will get a look at Canada's trade balance report for March, which is expected to have narrowed to C$800 million.

Economists will be looking to see whether exports picked back up after tumbling by the most in nearly a year in February. Statistics Canada is scheduled to release the data at 8:30 a.m. ET.

Canada's main stock index retreated on Wednesday as lower commodity prices weighed on resource stocks, while negative sentiment around troubled Home Capital Group Inc spilled over into the broader financial sector.

Dow Jones Industrial Average e-mini futures were up 0.31 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.3 percent and Nasdaq 100 e-mini futures were up 0.34 percent.

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