CANADA STOCKS-TSX set to open lower on Yellen comments
(Updates after U.S. data)
March 20 (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index on Thursday after Federal Reserve Chair Janet Yellen hinted at a potential earlier-than-anticipated increase in interest rates.
June futures on the S&P TSX index <0#SXF:> were down 0.32 percent at 0830 ET.
The index slipped on Wednesday after the Fed stuck with its plan to withdraw its monetary stimulus and dropped a guideline for when interest rates may eventually rise.
Dow Jones industrial average futures were down 0.24 percent at 0830 ET, S&P 500 futures were down 0.26 percent and Nasdaq 100 futures were down 0.20 percent.
Alberta Premier Alison Redford said she would resign as leader of the oil-rich province following an expenses scandal that sank her party's popularity.
Loral Space & Communications Inc, which holds a majority stake in satellite communications company Telesat Holdings Inc, has selected private equity firm Apax Partners and two Canadian pension funds to negotiate a sale of Telesat, people familiar with the matter said. Continued...