CANADA STOCKS-TSX set to open lower, tracking global markets

Tue Nov 24, 2015 7:46am EST
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Nov 24 (Reuters) - Canada's main stock index looked set to extend the previous session's losses on Tuesday, with December futures on the S&P TSX index down 0.31 percent at 7:10 a.m. ET.

Global security concerns remained at the forefront after the U.S. State Department issued a global travel alert for Americans on Monday.

On Tuesday, Turkey said it shot down a Russian warplane that had violated its airspace near the Syrian border.

Canada's main stock index was pulled lower by financial, industrial and healthcare stocks on Monday, cancelling out energy gains after the country's main oil-producing province unveiled a plan to tax carbon emissions and Saudi Arabia vowed to support oil prices.

Dow Jones Industrial Average e-mini futures were down 0.46 percent at 7:10 a.m. ET, while S&P 500 e-mini futures were down 0.39 percent and Nasdaq 100 e-mini futures were down 0.46 percent. (Morning News Call newsletter; The Day Ahead newsletter


Canadian plane and train maker Bombardier Inc said lower production of its business jets - Global 5000 and Global 6000 - will drive down revenue in 2016. The company is scheduled to hold an investor day on Tuesday.

Activist investor Bill Ackman's hedge fund has significantly increased its investment in Valeant Pharmaceuticals International, and signaled it may play a greater role in the beleaguered drugmaker's strategy, according to a regulatory filing.

Canada will tell a green summit next week that it is finally ready to tackle climate change, Prime Minister Justin Trudeau said on Monday after a meeting with the country's provinces to work out a national strategy.   Continued...