CANADA STOCKS-Futures point to higher opening for Canadian stocks

Tue Nov 25, 2014 7:38am EST
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Nov 25 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Tuesday, with December futures on the S&P TSX index up 0.09 percent at 7:30 a.m. ET.

Retail sales data is due at 8:30 a.m. ET.

The Toronto Stock Exchange's S&P/TSX composite index dropped on Monday after a six-day winning streak as a decline in the price of oil hit shares of energy producers and weakness in the bullion price weighed on the gold-mining sector.

Dow Jones Industrial Average e-mini futures were up 0.11 percent, while S&P 500 e-mini futures were up 0.11 percent and Nasdaq 100 e-mini futures were up 0.18 percent.

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Canada's telecom regulator began the last of three major policy reviews on Monday as it seeks to strike a balance between ensuring consumers have broad access to new technologies while avoiding rules that would discourage investment.

Canadian Prime Minister Stephen Harper, gearing up for an election next October and taking advantage of improving federal finances, announced C$5.8 billion in new spending on Monday.   Continued...