CANADA STOCKS-TSX futures indicate higher start to the week

Mon Apr 28, 2014 7:25am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

April 28 (Reuters) - Stock futures for Canada's main stock index were indicating a positive start for the week, with June futures on the S&P TSX index <0#SXF:> up 0.23 percent at 0715 ET.

The index slipped on Friday, as tensions in Ukraine injected a note of caution into trading. [ID: nL2N0NH1UK]

Dow Jones Industrial Average futures were up 0.25 percent at 0715 ET, while S&P 500 futures were up 0.31 percent and Nasdaq 100 futures were up 0.30 percent.

(Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)

TOP STORIES

Precision Drilling Corp, Canada's largest oil and gas drilling contractor, reported a 9 percent rise in first-quarter profit, helped by higher prices and strong drilling activity in North America and internationally.

Air Canada's largest union has asked the labor board to treat the carrier, its low-cost Rouge subsidiary and an airline that provides its regional service, as a single employer, forcing them to honor Air Canada's contract with the union.

If Telus Corp hopes to press its advantage in an upcoming auction of wireless airwaves, the Canadian telecom may need to abandon its plan to snatch a floundering rival out of creditor protection and back away from a nasty fight with the government.   Continued...