CANADA STOCKS-TSX Futures indicate flat open for Canadian stocks

Thu May 15, 2014 9:21am EDT
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(Updates U.S. and Canadian economic data)

May 15 (Reuters) - Canadian stocks looked set to open flat on Thursday with June futures on the S&P TSX index <0#SXF:> down 0.01 percent at 0845 ET.

The index was little changed on Wednesday as a gain for gold miners on higher bullion prices was offset by weakness in the energy sector, while healthcare shares fell with Valeant Pharmaceuticals after it said it would sweeten its takeover offer for Allergan Inc.

Dow Jones Industrial Average futures were down 0.08 percent at 0845 ET while S&P 500 futures were down 0.07 percent and Nasdaq 100 futures were up 0.01 percent.

Factory sales climbed by 0.4 percent in March, the sixth gain in seven months, to a post-recession high, Statistics Canada said. (Morning News Call newsletter; The Day Ahead newsletter


Air Canada reported a bigger first-quarter loss, mainly due to foreign exchange losses of $161 million and harsh winter weather.

Canada's Conservative government will consider allocating some of its projected budget surplus to paying down debt, Finance Minister Joe Oliver said on Wednesday.

Bank of Nova Scotia said on Wednesday it will explore options to divest itself of some or all of its 37 percent stake in asset manager CI Financial and redeploy the capital elsewhere.   Continued...