CANADA STOCKS-Futures reverse losses to point to higher open as dollar weakens

Fri Mar 27, 2015 9:08am EDT
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(Updates U.S. economic data)

March 27 (Reuters) - Canada's main stock index futures reversed course to point to a higher open on Friday as the U.S. dollar weakened and as U.S. economic growth cooled and corporate profits slipped.

June futures on the S&P TSX index were up 0.2 percent at 8:45 a.m. ET. They were down 0.14 percent at 7:15 a.m. ET.

U.S. economic growth cooled in the fourth quarter as previously estimated, with businesses throttling back on inventory and equipment investment but robust consumer spending limiting the slowdown in the pace of activity.

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.

No major Canadian economic events are scheduled for Friday.

Dow Jones Industrial Average e-mini futures were down 0.13 percent at 8:45 a.m. ET, while S&P 500 e-mini futures were down 0.07 percent and Nasdaq 100 e-mini futures were down 0.08 percent. (Morning News Call newsletter; The Day Ahead newsletter


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