CANADA STOCKS-Futures flat ahead of Bank of Canada's rate decision

Wed May 24, 2017 7:35am EDT
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May 24 (Reuters) - Stock futures for Canada's main stock index were flat on Wednesday as investors awaited the Bank of Canada's decision on interest rate.

The central bank is widely expected to hold the rate steady at 0.50 percent when it announces its decision at 10:00 a.m. ET.

June futures on the S&P TSX index were down 0.04 percent at 7:15 a.m. ET.

Canada's main stock index rose on Tuesday, bolstered by bank stocks ahead of the release of earnings reports and a surge in BlackBerry Ltd's shares, as trading resumed a day after the Victoria Day holiday.

Dow Jones Industrial Average e-mini futures were unchanged at 7:15 a.m. ET, while S&P 500 e-mini futures were down 0.03 percent and Nasdaq 100 e-mini futures were up 0.09 percent.

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Bank of Montreal, Canada's fourth-biggest bank, reported an 11 percent increase in second-quarter earnings, benefiting from a strong performance in its wealth management and capital markets businesses.   Continued...