CANADA STOCKS-TSX futures point to modestly lower start
Sept 25 - Stock futures indicated a modestly lower start for Canada's main stock index on Thursday, with December futures on the S&P TSX index <0#SXF:> down 0.08 percent at 0730 ET.
No major economic events are scheduled for Thursday .
The Toronto Stock Exchange's S&P/TSX composite index was little changed on Wednesday as a fall in the financial sector offset the benefit of a jump in shares of Valeant Pharmaceuticals International Inc after the drugmaker gave a bullish quarterly outlook.
Dow Jones Industrial Average e-mini futures were down 0.01 percent at 0730 ET, S&P 500 e-mini futures were down 0.05 percent and Nasdaq 100 e-mini futures were down 0.07 percent.
Canadian monetary policy can diverge from that of its neighbor to the south, even as the U.S. Federal Reserve's exit from its extraordinary stimulus measures will likely raise market interest rates in Canada and weigh on the loonie, Bank of Canada's Deputy Governor Timothy Lane said.
Canadian Prime Minister Stephen Harper said on Wednesday he did not anticipate a housing crisis in Canada, where some analysts are fretting about high debt levels and a booming housing market. Continued...