CANADA STOCKS-TSX set to open higher on better-than-expected GDP data

Tue Dec 23, 2014 9:01am EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Adds Canada and U.S. data)

Dec 23 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Tuesday as data showed the economy expanded more than expected in October.

The Canadian economy showed surprising strength, growing by 0.3 percent after a 0.4 percent gain in September, partly the result of an unexpected surge in manufacturing.

March futures on the S&P TSX index were up 0.37 percent at 8.45 a.m. ET, after being up 0.08 percent just before the release of the data.

Canada's main stock index slipped on Monday as most energy companies fell on weak oil prices. But the retreat was muted by gains by banks and railways.

Dow Jones Industrial Average e-mini futures were up 0.34 percent at 8.45 a.m. ET, while S&P 500 e-mini futures were up 0.30 percent and Nasdaq 100 e-mini futures were up 0.26 percent. (Morning News Call newsletter; The Day Ahead newsletter


Encana Corp will sell some natural gas gathering and compression facilities in British Columbia it owns jointly with a unit of Mitsubishi Corp to Veresen Midstream LP.   Continued...