CANADA STOCKS-TSX set for lower open ahead of U.S. GDP data and Yellen speech
March 27 (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index on Friday, tracking U.S. futures ahead of the final reading on U.S. real GDP for the fourth quarter and Fed Chair Janet Yellen's speech later in the day.
June futures on the S&P TSX index were down 0.14 percent at 7:15 a.m. ET.
No major economic events are scheduled.
Canada's main stock index slipped on Thursday as pessimism about economic growth hit banks and insurers, offsetting limited resource stock gains on the back of Middle Eastern violence that pushed oil prices higher.
Dow Jones Industrial Average e-mini futures were down 0.11 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were down 0.1 percent and Nasdaq 100 e-mini futures were down 0.02 percent. (Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)
BlackBerry Ltd posted a fiscal fourth-quarter profit compared with a year-earlier loss, offering some signs its turnaround efforts may be beginning to gain traction.
BRP Inc, the maker of Ski-Doo snowmobiles and Sea-Doo watercraft, reported a much higher-than-expected quarterly profit, helped by a stronger dollar, the introduction of new powersport vehicles and higher shipments of Can-Am off-road vehicles.
Kinross Gold Corp has agreed pay $33 million to settle a shareholder lawsuit that had accused the Canadian gold miner of defrauding investors through an ill-advised mine acquisition in Mauritania that has resulted in over $6 billion in writedowns. Continued...