CANADA STOCKS-TSX set for lower opening after BOJ comments
March 15 (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index on Tuesday, mirroring declines in global markets after the Bank of Japan painted a bleaker picture of the Japanese economy and oil prices dropped again.
The Bank of Japan said it would maintain its massive asset buying programme at existing levels and suggested it may roll out more stimulus as it struggles to reach an elusive inflation target.
March futures on the S&P TSX index were down 0.82 percent at 7:15 a.m. ET.
Canada's main stock index fell on Monday as lower commodity prices weighed on miners and energy companies and investors took a cautious approach ahead of a U.S. Federal Reserve policy decision.
Dow Jones Industrial Average e-mini futures were down 0.40 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were down 0.51 percent and Nasdaq 100 e-mini futures were down O.38 percent.
Valeant Pharmaceuticals International Inc cut its revenue forecast for the year by about 12 percent, or $1.5 billion, citing slower growth in its U.S. dermatology, gastrointestinal and women's health businesses. Continued...