CANADA STOCKS-TSX set to open higher, GDP data eyed

Fri Aug 29, 2014 7:19am EDT
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Aug 29 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Friday ahead the country's GDP data.

September futures on the S&P TSX index <0#SXF:> were up 1.00 percent at 0715 ET.

Producer prices data is also due at 0830 ET.

Canada's main stock index fell on Thursday as shares of Toronto Dominion Bank and Canadian Imperial Bank of Commerce weakened after the two lenders reported quarterly results.

Dow Jones Industrial Average e-mini futures were up 0.20 percent at 0715 on Friday, while S&P 500 e-mini futures were up 0.24 percent and Nasdaq 100 e-mini futures were up 0.25 percent. (Morning News Call newsletter; The Day Ahead newsletter


The risk of a property market crash in Canada has not ebbed, according to an increasing number of analysts polled by Reuters who said chances of a steep fall in prices have increased in the past year.

Irving Oil's oil-by-rail terminal in Saint John, New Brunswick, has seen increasing air quality problems since it started up in 2012, undermining the company's assurances to regulators the project would likely not impact the environment, according to documents obtained by Reuters.

EU lawmakers are threatening to block a multi-billion dollar trade pact between Canada and the European Union, a blueprint for a much bigger EU-U.S. deal, because it would allow firms to sue governments if they breach the treaty.   Continued...