CANADA STOCKS-Futures point to higher open for TSX

Thu Sep 4, 2014 7:18am EDT
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Sept 4 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Thursday, with September futures on the S&P TSX index <0#SXF:> up 0.31 percent at 0715 ET.

Trade balance and exports and imports data are due at 0830 ET

Canada's main stock index notched a broad but shallow rise on Wednesday, boosted by news of a ceasefire agreement between Ukraine and Russia and a rebound in Chinese economic data.

Dow Jones Industrial Average e-mini futures were up 0.25 percent at 0715 ET, while S&P 500 e-mini futures were up 0.34 percent. Nasdaq 100 e-mini futures were up 0.29 percent.

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Manulife Financial Corp and Britain's Standard Life have agreed a near-$4 billion deal for the Canadian operations of the British insurer as part of a broader global tie-up.

The Bank of Canada reiterated its explicitly neutral stance and kept its overnight interest rate at 1 percent on Wednesday, while highlighting its concern about the overstretched household sector, in remarks that helped boost the Canadian dollar.

Canada's WSP Global Inc said it would buy Balfour Beatty Plc's U.S. professional services division, Parsons Brinckerhoff, for an enterprise value of about $1.24 billion, to increase its footprint in the U.S. transportation segment.   Continued...