CANADA STOCKS-TSX set to open up as oil prices pare losses

Thu Feb 25, 2016 7:37am EST
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Feb 25 (Reuters) - Canada's main stock index was poised to open marginally higher on Thursday as oil prices moved off their session low.

March futures on the S&P TSX index were up 0.27 percent at 7:15 a.m. ET.

Canada's main stock index fell to a one-week low on Wednesday as weaker-than-expected bank earnings dragged down financial stocks, but higher crude oil prices helped pare some of the losses, providing support for energy stocks.

Dow Jones Industrial Average e-mini futures were up 0.24 percent at 7:15 a.m. ET. S&P 500 e-mini futures were up 0.23 percent and Nasdaq 100 e-mini futures were up 0.23 percent.

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Canadian Imperial Bank of Commerce posted a first-quarter profit that topped market expectations, helped by growth in its retail and business banking division.

Toronto Dominion Bank reported a rise in first-quarter profit as growth at its U.S. retail banking business helped offset weakness in capital markets.   Continued...