CANADA STOCKS-Market set to open higher after GDP data

Tue Dec 1, 2015 8:54am EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Updates after GDP data)

Dec 1 (Reuters) - Canada's main stock index was set to open higher on Tuesday after data showed the country's economy returned to growth in the third quarter.

GDP increased at an annualized rate of 2.3 percent last quarter, just shy of the 2.4 percent growth analysts had expected.

December futures on the S&P TSX index were up 0.57 percent at 8:35 a.m. ET (1335 GMT).

Canada's main stock index rallied on Monday, led by strength in resource stocks and as financial shares rose ahead of bank earnings reports this week. However, the index lost 0.4 percent in November.

Dow Jones Industrial Average e-mini futures were up 0.44 percent at 8:35 a.m. ET, while S&P 500 e-mini futures were up 0.36 percent and Nasdaq 100 e-mini futures were up 0.34 percent.

(Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)

TOP STORIES   Continued...