CANADA STOCKS-TSX futures point to lower open as oil falls further

Fri Dec 12, 2014 7:35am EST
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Dec 12 (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index as a relentless slide in crude prices put energy stocks under pressure.

December futures on the S&P TSX index were down 0.32 percent at 7:15 a.m. ET.

No major economic events are scheduled for the day.

Canada's main stock index advanced in choppy trading on Thursday as robust U.S. economic data boosted sentiment even as weak crude prices continued to undermine oil and gas shares.

The Dow Jones Industrial Average e-mini futures were down 1.42 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were down 1.25 percent and Nasdaq 100 e-mini futures were down 1.58 percent. (Morning News Call newsletter; The Day Ahead newsletter


The Bank of Canada does not foresee the sort of sharp rise in joblessness or mortgage rates that would trigger a major housing market correction, Governor Stephen Poloz said on Thursday.

BRP Inc, the maker of Ski-Doo snowmobiles and Sea-Doo watercraft, cut its full-year earnings and revenue forecast, saying it expected a weak rouble to hit sales in Russia.

Major Chinese ship crane manufacturer Wuhan Marine Machinery Plant Co Ltd said it has temporarily stopped using a component that Canada's transport watchdog warned may be defective after a crane collapsed in Quebec in August, injuring a dock worker.   Continued...