CANADA STOCKS-TSX set for lower open ahead of GDP data
Stock futures pointed to a lower opening for Canada's main stock index on Tuesday ahead of monthly reading on economic growth for January.
Canada's gross domestic product in is expected to have declined by 0.2 percent as the impact from cheap oil prices starts to bite, according to analysts polled by Reuters. The data is due at 8:30 a.m. ET
June futures on the S&P TSX index were down 0.31 percent at 7.30 a.m. ET.
The Toronto Stock Exchange's S&P/TSX composite index rose on Monday, buoyed by modest advances in the financial and energy sectors and a sharp increase in Catamaran Corp's price after UnitedHealth Group Inc agreed to buy the pharmacy-benefits manager.
Dow Jones Industrial Average e-mini futures were down 0.55 percent at 7.30 a.m. ET on Tuesday, while S&P 500 e-mini futures were down 0.57 percent and Nasdaq 100 e-mini futures were down 0.51 percent.
Fairfax Financial Holdings has sold half of its 5.8 percent stake in Bank of Ireland for more than triple what it paid for it in 2011, a source with knowledge of the deal said. Continued...