CANADA STOCKS-Futures indicate higher open

Wed Jan 7, 2015 7:26am EST
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Jan 7 (Reuters) - Canada's main stock index was poised to open higher on Wednesday with stock futures for the March quarter on the S&P TSX index up 0.23 percent at 7.15 a.m. ET.

Trade Balance data is due at 8:30 a.m. ET.

Canada's main stock index dropped to its lowest in nearly 3 weeks on Tuesday as oil prices plunged on renewed concerns about a global supply glut, helping push down shares of energy producers.

Dow Jones Industrial Average e-mini futures were up 0.57 percent at 7.15 a.m. ET, while S&P 500 e-mini futures were up 0.64 percent and Nasdaq 100 e-mini futures were up 55 percent. (Morning News Call newsletter; The Day Ahead newsletter


Republican senators kicked off the new U.S. Congress with legislation to approve the Keystone XL pipeline to bring oil from Canada, but the White House promptly threatened a veto.

Despite weak metal markets, Seabridge Gold Inc's chief executive is optimistic the company will find a partner this year to help fund and build its $5 billion KSM mine project, one of the world's biggest undeveloped gold and copper deposits.

COMMODITIES AT 7.15 a.m. ET   Continued...